Index Trend Analysis Report
Prepared for you on Tuesday, November 12, 2019.
S&P/ASX Corporate Bond BBB Rating Band Index (CME:SPBDAC4T)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 Jan 24th, 2017 at 151.313
The intermediate term trend has been DOWN since Oct 17th, 2019 at 179.850
The short term trend has been DOWN since Oct 29th, 2019 at 179.760
Smart Scan Analysis for SPBDAC4T
Based on a pre-defined weighted trend formula for chart analysis, SPBDAC4T scored -60 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|