Index Trend Analysis Report
Prepared for you on Tuesday, May 18, 2021.
S&P/ASX Australian Government Bond 0-15 Year Index (CME:SPBAS15T)
Weak Downtrend (-65) - SPBAS15T is showing signs of a strengthening downtrend. Monitor SPBAS15T as it may be building momentum to the downside.
Is it time to buy, sell, or avoid SPBAS15T?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPBAS15T.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPBAS15T
The long-term trend has been DOWN since Jan 6th, 2021 at 159.42
The intermediate-term trend has been UP since Mar 24th, 2021 at 155.55
The short-term trend has been DOWN since May 11th, 2021 at 155.87
Smart Scan Analysis for SPBAS15T
Based on our trend formula, SPBAS15T is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).