Index Trend Analysis Report
Prepared for you on Friday, June 9, 2023.
S&P Pan Asia BMI Food, Beverage & Tobacco (US Dollar) (CME:SPAU13)
Bear Market Rally (-75) - SPAU13 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SPAU13 as it may be in the beginning of a reversal.
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 DOWN since May 29th, 2023 at 269.68
The intermediate-term trend has been DOWN since May 18th, 2023 at 275.17
The short-term trend has been UP since Jun 2nd, 2023 at 268.83
Smart Scan Analysis for SPAU13
Based on our trend formula, SPAU13 is rated as a -75 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|