Index Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
S&P/ASX Corporate Bond 0+ A Rating Band Index (CME:SPBDC1AT)
Sidelines Mode (+55) - SPBDC1AT is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SPBDC1AT?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPBDC1AT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPBDC1AT
The long-term trend has been DOWN since Feb 24th, 2021 at 167.50
The intermediate-term trend has been UP since May 7th, 2021 at 168.04
The short-term trend has been DOWN since May 11th, 2021 at 167.81
Smart Scan Analysis for SPBDC1AT
Based on our trend formula, SPBDC1AT is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).