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Index Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
S&P Composite 1500 - Mortgage REITs (Sub Ind) (CME:SP1500-40204010)
Long-Term Downtrend (-90) - SP1500-40204010 is in a strong downtrend that is likely to continue. While SP1500-40204010 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 SP1500-40204010?
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 Dec 18th, 2024 at 28.03
The intermediate-term trend has been DOWN since Dec 17th, 2024 at 28.74
The short-term trend has been DOWN since Dec 17th, 2024 at 29.00
Smart Scan Analysis for SP1500-40204010
Based on our trend formula, SP1500-40204010 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 27.88 | 28.25 | 27.85 | 28.24 | +0.33 |
| Prev. Close | Volume | Bid | Ask | Time |
| 28.24 | 10806060 | 2024-12-24 13:19:54 |