Index Trend Analysis Report
Prepared for you on Sunday, April 5, 2020.
S&P 400 Construction Machinery & Heavy Trucks (Sub Ind) (CME:SP400-20106010)
Long-Term Downtrend (-90) - SP400-20106010 is in a strong downtrend that is likely to continue. While SP400-20106010 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 SP400-20106010?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP400-20106010.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP400-20106010
The long-term trend has been DOWN since Feb 14th, 2020 at 307.11
The intermediate-term trend has been DOWN since Jan 6th, 2020 at 336.00
The short-term trend has been DOWN since Apr 3rd, 2020 at 212.97
Smart Scan Analysis for SP400-20106010
Based on our trend formula, SP400-20106010 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||399.45||52wk High Date||2018-07-26|
|52wk Low||284.79||52wk Low Date||2018-10-30|