Index Trend Analysis Report
Prepared for you on Wednesday, February 26, 2020.
S&P Pan Asia BMI Food & Staples Retailing (US Dollar) (CME:SPAU12)
Long-Term Downtrend (-90) - SPAU12 is in a strong downtrend that is likely to continue. While SPAU12 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 SPAU12?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPAU12.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPAU12
The long-term trend has been DOWN since Feb 24th, 2020 at 106.18
The intermediate-term trend has been DOWN since Feb 20th, 2020 at 108.72
The short-term trend has been DOWN since Feb 12th, 2020 at 111.82
Smart Scan Analysis for SPAU12
Based on our trend formula, SPAU12 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||118.01||52wk High Date||2018-06-12|
|52wk Low||104.27||52wk Low Date||2018-02-06|