Free Daily Analysis

Index Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

S&P 500 Utilities (Industry Group) (CME:SP500-5510)

Countertrend Up (+85) - SP500-5510 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid SP500-5510?

MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-5510.

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

Open High Low SP500-5510 Price Change
359.08 362.98 358.30 361.60 +3.55
Entry Signal

MarketClub’s Trade Triangles for SP500-5510

long term up The long-term trend has been UP since Apr 9th, 2024 at 333.90

intermediate term up The intermediate-term trend has been UP since Apr 22nd, 2024 at 335.45

short term down The short-term trend has been DOWN since May 22nd, 2024 at 363.92

Smart Scan Analysis for SP500-5510

Based on our trend formula, SP500-5510 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for SP500-5510
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
359.08 362.98 358.30 361.60 +3.55
Prev. Close Volume Bid Ask Time
361.60 90388569 2024-05-24 16:20:08
52wk High286.9452wk High Date2017-12-01
52wk Low240.452wk Low Date2018-02-06
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