Index Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
S&P/CSE Food, Beverage & Tobacco Industry Group Index (CME:SPCSEFBP)
Long-Term Uptrend (+90) - SPCSEFBP is in a strong uptrend that is likely to continue. While SPCSEFBP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Feb 21st, 2023 at 934.79
The intermediate-term trend has been UP since Sep 8th, 2023 at 1121.45
The short-term trend has been UP since Sep 27th, 2023 at 1143.21
Smart Scan Analysis for SPCSEFBP
Based on our trend formula, SPCSEFBP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).