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Index Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
S&P/ASX Government Bond 0-20 Year Index (CME:SPBAG20T)
Sidelines Mode (-55) - SPBAG20T 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 SPBAG20T?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPBAG20T.
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 SPBAG20T
The long-term trend has been UP since Dec 6th, 2023 at 147.44
The intermediate-term trend has been DOWN since Apr 11th, 2024 at 149.73
The short-term trend has been UP since Apr 18th, 2024 at 149.93
Smart Scan Analysis for SPBAG20T
Based on our trend formula, SPBAG20T is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 149.76 | 149.84 | 149.69 | 149.74 | +0.15 |
| Prev. Close | Volume | Bid | Ask | Time |
| 149.59 | 0 | 2024-04-19 02:09:00 |