Index Trend Analysis Report
Prepared for you on Saturday, January 22, 2022.
S&P/ASX Corporate Bond BBB Rating Band Index (CME:SPBDAC4T)
Long-Term Downtrend (-90) - SPBDAC4T is in a strong downtrend that is likely to continue. While SPBDAC4T is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SPBDAC4T?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPBDAC4T.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPBDAC4T
The long-term trend has been DOWN since Oct 4th, 2021 at 190.46
The intermediate-term trend has been DOWN since Jan 3rd, 2022 at 187.16
The short-term trend has been DOWN since Jan 17th, 2022 at 186.47
Smart Scan Analysis for SPBDAC4T
Based on our trend formula, SPBDAC4T is rated as a -90 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|