Index Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
S&P Pan Asia BMI Food, Beverage & Tobacco (US Dollar) (CME:SPAU13)
Sidelines Mode (+55) - SPAU13 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 SPAU13?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPAU13.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPAU13
The long-term trend has been UP since Jun 1st, 2020 at 279.97
The intermediate-term trend has been UP since Apr 19th, 2021 at 324.32
The short-term trend has been DOWN since May 12th, 2021 at 320.53
Smart Scan Analysis for SPAU13
Based on our trend formula, SPAU13 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||331.24||52wk High Date||2018-01-24|
|52wk Low||272.6||52wk Low Date||2018-10-30|