Index Trend Analysis Report
Prepared for you on Monday, January 30, 2023.
S&P Composite 1500 Utilities (Industry Group) (CME:SP1500-5510)
Countertrend Down (-85) - SP1500-5510 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 SP1500-5510?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-5510.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP1500-5510
The long-term trend has been DOWN since Oct 6th, 2022 at 375.68
The intermediate-term trend has been DOWN since Jan 19th, 2023 at 400.64
The short-term trend has been UP since Jan 30th, 2023 at 399.91
Smart Scan Analysis for SP1500-5510
Based on our trend formula, SP1500-5510 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||330.87||52wk High Date||2017-12-01|
|52wk Low||277.17||52wk Low Date||2018-02-06|