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Index Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
S&P/ASX Australian Government Bond 20+ Year Index (CME:SPBAS21T)
Bull Market Weakness (+75) - SPBAS21T is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SPBAS21T as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SPBAS21T?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPBAS21T.
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 SPBAS21T
The long-term trend has been DOWN since Oct 23rd, 2024 at 114.39
The intermediate-term trend has been UP since Nov 18th, 2024 at 116.20
The short-term trend has been UP since Nov 17th, 2024 at 113.54
Smart Scan Analysis for SPBAS21T
Based on our trend formula, SPBAS21T is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 114.24 | 114.38 | 114.16 | 114.38 | +0.14 |
| Prev. Close | Volume | Bid | Ask | Time |
| 114.24 | 0 | 2024-11-20 00:59:55 |