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Index Trend Analysis Report
Prepared for you on Sunday, May 9, 2021.
S&P Asia 50 (CME:SPASIA50)
Crossroads (-60) - SPASIA50 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SPASIA50?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPASIA50.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SPASIA50
The long-term trend has been UP since Jun 9th, 2020 at 4956.99
The intermediate-term trend has been DOWN since May 3rd, 2021 at 7055.96
The short-term trend has been DOWN since Apr 30th, 2021 at 7204.96
Smart Scan Analysis for SPASIA50
Based on our trend formula, SPASIA50 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7054.51 | 7059.65 | 7047.56 | 7058.39 | +20.69 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7055.31 | 0 | 2021-05-07 05:30:00 |
| 52wk High | 5615.2 | 52wk High Date | 2018-01-29 |
| 52wk Low | 4075.89 | 52wk Low Date | 2018-10-26 |