Index Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
S&P Global Agribusiness Composite Index USD (CME:SPAGRDP)
Long-Term Downtrend (-90) - SPAGRDP is in a strong downtrend that is likely to continue. While SPAGRDP 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 SPAGRDP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPAGRDP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPAGRDP
The long-term trend has been DOWN since Jun 17th, 2022 at 2247.52
The intermediate-term trend has been DOWN since Jun 10th, 2022 at 2341.92
The short-term trend has been DOWN since Jun 30th, 2022 at 2138.69
Smart Scan Analysis for SPAGRDP
Based on our trend formula, SPAGRDP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1775.58||52wk High Date||2018-01-29|
|52wk Low||1570.35||52wk Low Date||2018-11-27|