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Index Trend Analysis Report
Prepared for you on Thursday, June 1, 2023.
S&P Asia 50 (CME:SPASIA50)
Bull Market Weakness (+75) - SPASIA50 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SPASIA50 as it may be in the beginning stages of a reversal.
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 Dec 5th, 2022 at 4515.00
The intermediate-term trend has been UP since May 18th, 2023 at 4597.50
The short-term trend has been UP since May 30th, 2023 at 4555.46
Smart Scan Analysis for SPASIA50
Based on our trend formula, SPASIA50 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4526.56 | 4536.05 | 4484.53 | 4487.98 | -8.57 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4496.55 | 0 | 2023-06-01 05:49:21 |
| 52wk High | 5615.2 | 52wk High Date | 2018-01-29 |
| 52wk Low | 4075.89 | 52wk Low Date | 2018-10-26 |