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Index Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

S&P/Citigroup BMI World Marine Index (CME:SPCBMIRWD20303010USD)

Sidelines Mode (-55) - SPCBMIRWD20303010USD 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 SPCBMIRWD20303010USD?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPCBMIRWD20303010USD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SPCBMIRWD20303010USD
Open High Low SPCBMIRWD20303010USD Price Change
270.34 270.44 269.68 269.81 -0.49
Entry Signal

MarketClub’s Trade Triangles for SPCBMIRWD20303010USD

long term down The long-term trend has been DOWN since Apr 1st, 2024 at 237.63

intermediate term up The intermediate-term trend has been UP since Apr 22nd, 2024 at 243.94

short term down The short-term trend has been DOWN since May 21st, 2024 at 271.72

Smart Scan Analysis for SPCBMIRWD20303010USD

Based on our trend formula, SPCBMIRWD20303010USD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for SPCBMIRWD20303010USD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
270.34 270.44 269.68 269.81 -0.49
Prev. Close Volume Bid Ask Time
270.30 0 2024-05-23 01:51:25
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