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Index Trend Analysis Report

Prepared for you on Monday, May 20, 2024.

S&P/BOVESPA Quality Index TR (CME:SPBRQBT)

Bull Market Weakness (+75) - SPBRQBT is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SPBRQBT as it may be in the beginning stages of a reversal.

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.

CME_SPBRQBT
Open High Low SPBRQBT Price Change
30015.35 30015.35 29796.37 29830.82 -114.83
Entry Signal

MarketClub’s Trade Triangles for SPBRQBT

long term up The long-term trend has been UP since Nov 16th, 2023 at 28976.62

intermediate term up The intermediate-term trend has been UP since May 6th, 2024 at 30246.89

short term up The short-term trend has been UP since May 16th, 2024 at 30140.01

Smart Scan Analysis for SPBRQBT

Based on our trend formula, SPBRQBT is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for SPBRQBT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
30015.35 30015.35 29796.37 29830.82 -114.83
Prev. Close Volume Bid Ask Time
29945.65 0 2024-05-20 16:34:40
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