Index Trend Analysis Report
Prepared for you on Wednesday, September 27, 2023.
World Solar Energy Index (EUR) (CME:SOLEXP)
Bear Market Rally (-75) - SOLEXP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SOLEXP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SOLEXP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SOLEXP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SOLEXP
The long-term trend has been DOWN since Oct 11th, 2022 at 292.48
The intermediate-term trend has been DOWN since Aug 2nd, 2023 at 207.52
The short-term trend has been UP since Sep 27th, 2023 at 186.01
Smart Scan Analysis for SOLEXP
Based on our trend formula, SOLEXP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||129.75||52wk High Date||2018-05-16|
|52wk Low||80.34||52wk Low Date||2018-10-29|