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Index Trend Analysis Report
Prepared for you on Friday, May 10, 2024.
S&P/ASX Government Bond 15+ Year Index (CME:SPBAG16T)
Sidelines Mode (-55) - SPBAG16T 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 SPBAG16T?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPBAG16T.
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 SPBAG16T
The long-term trend has been DOWN since Apr 25th, 2024 at 167.30
The intermediate-term trend has been DOWN since Apr 11th, 2024 at 171.09
The short-term trend has been UP since Apr 29th, 2024 at 168.04
Smart Scan Analysis for SPBAG16T
Based on our trend formula, SPBAG16T is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 169.57 | 169.57 | 169.32 | 169.52 | -0.05 |
| Prev. Close | Volume | Bid | Ask | Time |
| 169.57 | 0 | 2024-05-10 02:59:50 |