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Index Trend Analysis Report
Prepared for you on Saturday, May 4, 2024.
S&P Composite 1500 - Mortgage REITs (Sub Ind) (CME:SP1500-40204010)
Sidelines Mode (-55) - SP1500-40204010 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 SP1500-40204010?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-40204010.
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 SP1500-40204010
The long-term trend has been DOWN since Apr 15th, 2024 at 27.07
The intermediate-term trend has been DOWN since Apr 10th, 2024 at 28.22
The short-term trend has been UP since May 3rd, 2024 at 28.20
Smart Scan Analysis for SP1500-40204010
Based on our trend formula, SP1500-40204010 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 28.57 | 28.67 | 28.04 | 28.17 | +0.21 |
| Prev. Close | Volume | Bid | Ask | Time |
| 27.96 | 23832529 | 2024-05-03 16:20:09 |