Index Trend Analysis Report
Prepared for you on Monday, October 19, 2020.
S&P Composite 1500 Construction Materials (Industry) (CME:SP1500-151020)
Countertrend Up (+85) - SP1500-151020 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid SP1500-151020?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-151020.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-151020
The long-term trend has been UP since Jul 22nd, 2020 at 1043.69
The intermediate-term trend has been UP since Sep 14th, 2020 at 1031.96
The short-term trend has been DOWN since Oct 13th, 2020 at 1213.99
Smart Scan Analysis for SP1500-151020
Based on our trend formula, SP1500-151020 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1200.47||52wk High Date||2018-01-26|
|52wk Low||710.02||52wk Low Date||2018-10-29|