Index Trend Analysis Report
Prepared for you on Monday, September 25, 2023.
S&P/BOVESPA Quality Index TR (CME:SPBRQBT)
Countertrend Up (+85) - SPBRQBT is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid SPBRQBT?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPBRQBT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPBRQBT
The long-term trend has been UP since Jun 2nd, 2023 at 26270.48
The intermediate-term trend has been UP since Sep 13th, 2023 at 28299.69
The short-term trend has been UP since Sep 21st, 2023 at 28659.34
Smart Scan Analysis for SPBRQBT
Based on our trend formula, SPBRQBT is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).