Index Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
S&P/CSE Capital Goods Industry Group Index (CME:SPCSECGP)
Weak Downtrend (-65) - SPCSECGP is showing signs of a strengthening downtrend. Monitor SPCSECGP as it may be building momentum to the downside.
Is it time to buy, sell, or avoid SPCSECGP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPCSECGP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPCSECGP
The long-term trend has been DOWN since Nov 17th, 2023 at 1496.01
The intermediate-term trend has been DOWN since Nov 15th, 2023 at 1515.87
The short-term trend has been UP since Nov 30th, 2023 at 1480.20
Smart Scan Analysis for SPCSECGP
Based on our trend formula, SPCSECGP is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).