Index Trend Analysis Report
Prepared for you on Saturday, September 23, 2023.
S&P Composite 1500 Semiconductors & Semiconductor Equipment (Industry Group) (CME:SP1500-4530)
Weak Downtrend (-65) - SP1500-4530 is showing signs of a strengthening downtrend. Monitor SP1500-4530 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid SP1500-4530?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-4530.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-4530
The long-term trend has been UP since Dec 1st, 2022 at 1892.88
The intermediate-term trend has been DOWN since Sep 15th, 2023 at 2756.25
The short-term trend has been DOWN since Sep 6th, 2023 at 2930.49
Smart Scan Analysis for SP1500-4530
Based on our trend formula, SP1500-4530 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1092.59||52wk High Date||2018-06-07|
|52wk Low||825.98||52wk Low Date||2018-10-29|