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Index Trend Analysis Report
Prepared for you on Monday, May 20, 2024.
S&P/BOVESPA Momentum Index TR (CME:SPBRMBT)
Sidelines Mode (+55) - SPBRMBT 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 SPBRMBT?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPBRMBT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SPBRMBT
The long-term trend has been UP since Nov 14th, 2023 at 34848.37
The intermediate-term trend has been UP since May 6th, 2024 at 39614.14
The short-term trend has been DOWN since May 9th, 2024 at 39132.79
Smart Scan Analysis for SPBRMBT
Based on our trend formula, SPBRMBT is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 38947.23 | 39014.22 | 38640.02 | 38694.67 | -292.48 |
| Prev. Close | Volume | Bid | Ask | Time |
| 38694.68 | 0 | 2024-05-17 16:34:15 |