Index Trend Analysis Report
Prepared for you on Thursday, March 23, 2023.
S&P Composite 1500 - Biotechnology (Industry) (CME:SP1500-352010)
Countertrend Down (-85) - SP1500-352010 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid SP1500-352010?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-352010.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-352010
The long-term trend has been DOWN since Mar 1st, 2023 at 3858.15
The intermediate-term trend has been DOWN since Dec 19th, 2022 at 4159.28
The short-term trend has been UP since Mar 13th, 2023 at 3862.49
Smart Scan Analysis for SP1500-352010
Based on our trend formula, SP1500-352010 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||3495.77||52wk High Date||2018-01-29|
|52wk Low||2718.13||52wk Low Date||2018-10-25|