Index Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
S&P Composite 1500 - Pharmaceuticals, Biotechnology & Life Sciences (Industry Group) (CME:SP1500-3520)
Sidelines Mode (-55) - SP1500-3520 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SP1500-3520?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-3520.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-3520
The long-term trend has been DOWN since Feb 24th, 2023 at 1291.84
The intermediate-term trend has been DOWN since Dec 19th, 2022 at 1376.74
The short-term trend has been UP since Mar 27th, 2023 at 1294.75
Smart Scan Analysis for SP1500-3520
Based on our trend formula, SP1500-3520 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1010.82||52wk High Date||2018-10-03|
|52wk Low||831.3||52wk Low Date||2018-05-03|