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Index Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

S&P Composite 1500 Independent Power and Renewable Electricity Producers (Industry) (CME:SP1500-551050)

Long-Term Uptrend (+90) - SP1500-551050 is in a strong uptrend that is likely to continue. While SP1500-551050 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid SP1500-551050?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP1500-551050.

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

CME_SP1500-551050
Open High Low SP1500-551050 Price Change
193.89 194.54 189.53 190.93 -4.09
Entry Signal

MarketClub’s Trade Triangles for SP1500-551050

long term up The long-term trend has been UP since Dec 1st, 2023 at 105.33

intermediate term up The intermediate-term trend has been UP since Apr 29th, 2024 at 150.84

short term up The short-term trend has been UP since May 23rd, 2024 at 183.59

Smart Scan Analysis for SP1500-551050

Based on our trend formula, SP1500-551050 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for SP1500-551050
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
193.89 194.54 189.53 190.93 -4.09
Prev. Close Volume Bid Ask Time
195.02 3148488 2024-05-29 10:46:42
52wk High99.6452wk High Date2018-11-12
52wk Low60.5952wk Low Date2018-02-09
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