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Index Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
S&P Asia 50 (CME:SPASIA50)
Long-Term Downtrend (-90) - SPASIA50 is in a strong downtrend that is likely to continue. While SPASIA50 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 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 DOWN since Mar 9th, 2020 at 4615.84
The intermediate-term trend has been DOWN since May 22nd, 2020 at 4456.80
The short-term trend has been DOWN since May 22nd, 2020 at 4617.12
Smart Scan Analysis for SPASIA50
Based on our trend formula, SPASIA50 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4507.51 | 4518.86 | 4505.63 | 4518.07 | +3.08 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4243.61 | 0 | 2020-05-29 05:30:00 |
| 52wk High | 5615.2 | 52wk High Date | 2018-01-29 |
| 52wk Low | 4075.89 | 52wk Low Date | 2018-10-26 |