Index Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
S&P Pan Asia BMI Telecommunication Services Sector (US Dollar) (CME:SPAU28)
Sidelines Mode (+55) - SPAU28 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 SPAU28?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPAU28.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPAU28
The long-term trend has been DOWN since Mar 9th, 2020 at 68.38
The intermediate-term trend has been UP since Apr 6th, 2020 at 66.63
The short-term trend has been DOWN since May 22nd, 2020 at 73.12
Smart Scan Analysis for SPAU28
Based on our trend formula, SPAU28 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||75.58||52wk High Date||2018-01-29|
|52wk Low||61.47||52wk Low Date||2018-10-30|