Index Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
S&P Africa 40 Index (EURO) (CME:SPAFREP)
Countertrend Up (+85) - SPAFREP 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 SPAFREP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPAFREP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPAFREP
The long-term trend has been UP since Oct 12th, 2021 at 192.65
The intermediate-term trend has been UP since Oct 11th, 2021 at 189.99
The short-term trend has been DOWN since Oct 22nd, 2021 at 199.17
Smart Scan Analysis for SPAFREP
Based on our trend formula, SPAFREP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||232.81||52wk High Date||2018-01-25|
|52wk Low||181.56||52wk Low Date||2018-10-11|