Index Trend Analysis Report
Prepared for you on Thursday, August 6, 2020.
S&P/CSE Consumer Staples Sector Index (CME:SPCSECTP)
Sidelines Mode (-55) - SPCSECTP 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 SPCSECTP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPCSECTP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPCSECTP
The long-term trend has been DOWN since Feb 26th, 2020 at 872.33
The intermediate-term trend has been UP since Jul 28th, 2020 at 777.88
The short-term trend has been DOWN since Aug 6th, 2020 at 769.37
Smart Scan Analysis for SPCSECTP
Based on our trend formula, SPCSECTP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).