Index Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
S&P/ASX Corporate Bond BBB Rating Band Index (CME:SPBDAC4T)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SPBDAC4T
The long term trend has been UP since Feb 1st, 2017 at 151.928
The intermediate term trend has been DOWN since Sep 5th, 2019 at 179.446
The short term trend has been UP since Sep 17th, 2019 at 179.010
Smart Scan Analysis for SPBDAC4T
Based on a pre-defined weighted trend formula for chart analysis, SPBDAC4T scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||165.045||52wk High Date||2018-10-30|
|52wk Low||159.045||52wk Low Date||2017-12-27|