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Index Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

S&P Composite 1500 - Mortgage Real Estate Investment Trusts (REITs) (Industry) (CME:SP1500-402040)

Countertrend Down (-85) - SP1500-402040 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 SP1500-402040?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-402040.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SP1500-402040
Open High Low SP1500-402040 Price Change
27.90 27.91 27.65 27.76 -0.42
Entry Signal

MarketClub’s Trade Triangles for SP1500-402040

long term down The long-term trend has been DOWN since Apr 15th, 2024 at 27.07

intermediate term down The intermediate-term trend has been DOWN since Apr 10th, 2024 at 28.22

short term up The short-term trend has been UP since Apr 19th, 2024 at 27.28

Smart Scan Analysis for SP1500-402040

Based on our trend formula, SP1500-402040 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for SP1500-402040
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
27.90 27.91 27.65 27.76 -0.42
Prev. Close Volume Bid Ask Time
28.18 4357916 2024-04-24 10:24:09
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