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Index Trend Analysis Report

Prepared for you on Thursday, May 30, 2024.

S&P Global Agribusiness Equity Index (CME:SPAGREDP)

Sidelines Mode (+55) - SPAGREDP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid SPAGREDP?

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

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

CME_SPAGREDP
Open High Low SPAGREDP Price Change
5478.12 5485.72 5467.07 5480.13 +1.72
Entry Signal

MarketClub’s Trade Triangles for SPAGREDP

long term up The long-term trend has been UP since Jan 2nd, 2024 at 5616.92

intermediate term down The intermediate-term trend has been DOWN since May 29th, 2024 at 5535.51

short term up The short-term trend has been UP since May 28th, 2024 at 5642.42

Smart Scan Analysis for SPAGREDP

Based on our trend formula, SPAGREDP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for SPAGREDP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5478.12 5485.72 5467.07 5480.13 +1.72
Prev. Close Volume Bid Ask Time
5478.41 0 2024-05-30 05:47:10
52wk High503152wk High Date2018-01-26
52wk Low4242.8352wk Low Date2018-10-26
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