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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.

CME_SP600-40204010
Open High Low SP600-40204010 Price Change
40.04 40.06 39.33 39.69 -0.41
Entry Signal

MarketClub’s Trade Triangles for SP600-40204010

long term down The long-term trend has been DOWN since Jul 19th, 2021 at 49.56

intermediate term down The intermediate-term trend has been DOWN since Apr 6th, 2022 at 42.96

short term down 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).

-100
Smart Scan Analysis for SP600-40204010
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
40.04 40.06 39.33 39.69 -0.41
Prev. Close Volume Bid Ask Time
40.10 8910908 2022-05-24 12:04:24
52wk High83.3452wk High Date2017-12-18
52wk Low71.6452wk Low Date2018-02-06
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