Index Trend Analysis Report
Prepared for you on Tuesday, May 18, 2021.
S&P/ASX Australian Government Bond 1-5 Year Index (CME:SPBDAGIT)
Weak Downtrend (-65) - SPBDAGIT is showing signs of a strengthening downtrend. Monitor SPBDAGIT as it may be building momentum to the downside.
Is it time to buy, sell, or avoid SPBDAGIT?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPBDAGIT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPBDAGIT
The long-term trend has been DOWN since Feb 16th, 2021 at 140.20
The intermediate-term trend has been UP since May 10th, 2021 at 140.12
The short-term trend has been DOWN since May 12th, 2021 at 140.01
Smart Scan Analysis for SPBDAGIT
Based on our trend formula, SPBDAGIT is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).