Index Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
S&P/CSE Food, Beverage & Tobacco Industry Group Index (CME:SPCSEFBP)
Bull Market Weakness (+75) - SPCSEFBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SPCSEFBP as it may be in the beginning stages of a reversal.
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 Aug 20th, 2020 at 750.57
The intermediate-term trend has been DOWN since Apr 27th, 2021 at 928.07
The short-term trend has been UP since May 6th, 2021 at 942.46
Smart Scan Analysis for SPCSEFBP
Based on our trend formula, SPCSEFBP is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).