Index Trend Analysis Report
Prepared for you on Thursday, March 28, 2024.
S&P Biotechnology Select Industry TR Inverse Carry-Free Daily Index (CME:SPBSICUT)
Sidelines Mode (-55) - SPBSICUT 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 SPBSICUT?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPBSICUT.
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 SPBSICUT
The long-term trend has been DOWN since Dec 4th, 2023 at 330.78
The intermediate-term trend has been UP since Mar 19th, 2024 at 273.36
The short-term trend has been DOWN since Mar 28th, 2024 at 266.51
Smart Scan Analysis for SPBSICUT
Based on our trend formula, SPBSICUT is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
266.59 | 268.75 | 264.01 | 264.99 | -1.60 |
Prev. Close | Volume | Bid | Ask | Time |
266.59 | 0 | 2024-03-28 15:14:40 |