Index Trend Analysis Report
Prepared for you on Friday, August 14, 2020.
S&P Composite 1500 Oil & Gas Exploration & Production (Sub Ind) (CME:SP1500-10102020)
Long-Term Uptrend (+90) - SP1500-10102020 is in a strong uptrend that is likely to continue. While SP1500-10102020 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid SP1500-10102020?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-10102020.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-10102020
The long-term trend has been UP since Jun 8th, 2020 at 290.10
The intermediate-term trend has been UP since Jul 21st, 2020 at 234.19
The short-term trend has been UP since Aug 4th, 2020 at 222.25
Smart Scan Analysis for SP1500-10102020
Based on our trend formula, SP1500-10102020 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||557.14||52wk High Date||2018-10-09|
|52wk Low||402.71||52wk Low Date||2018-02-09|