Index Trend Analysis Report
Prepared for you on Saturday, August 8, 2020.
S&P/CSE Food, Beverage & Tobacco Industry Group Index (CME:SPCSEFBP)
Sidelines Mode (+55) - SPCSEFBP 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 SPCSEFBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPCSEFBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPCSEFBP
The long-term trend has been DOWN since Aug 28th, 2019 at 824.95
The intermediate-term trend has been UP since Aug 4th, 2020 at 745.01
The short-term trend has been DOWN since Aug 6th, 2020 at 735.84
Smart Scan Analysis for SPCSEFBP
Based on our trend formula, SPCSEFBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).