Index Trend Analysis Report
Prepared for you on Tuesday, May 24, 2022.
S&P 600 - Mortgage REITs (Sub Ind) (CME:SP600-40204010)
Strong Downtrend (-100) - SP600-40204010 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SP600-40204010 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SP600-40204010?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP600-40204010.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP600-40204010
The long-term trend has been DOWN since Jul 19th, 2021 at 49.56
The intermediate-term trend has been DOWN since Apr 6th, 2022 at 42.96
The short-term trend has been DOWN since May 20th, 2022 at 39.39
Smart Scan Analysis for SP600-40204010
Based on our trend formula, SP600-40204010 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||83.34||52wk High Date||2017-12-18|
|52wk Low||71.64||52wk Low Date||2018-02-06|