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Index Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
S&P Composite 1500 Food Beverage & Tobacco (Industry Group) (CME:SP1500-3020)
Long-Term Downtrend (-90) - SP1500-3020 is in a strong downtrend that is likely to continue. While SP1500-3020 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SP1500-3020?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-3020.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SP1500-3020
The long-term trend has been DOWN since Aug 17th, 2023 at 885.05
The intermediate-term trend has been DOWN since Aug 14th, 2023 at 902.55
The short-term trend has been DOWN since Sep 18th, 2023 at 873.48
Smart Scan Analysis for SP1500-3020
Based on our trend formula, SP1500-3020 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 837.76 | 837.99 | 824.59 | 829.97 | -8.90 |
| Prev. Close | Volume | Bid | Ask | Time |
| 829.97 | 126830794 | 2023-10-02 16:20:12 |
| 52wk High | 785.1 | 52wk High Date | 2018-01-29 |
| 52wk Low | 644 | 52wk Low Date | 2018-05-15 |