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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.

CME_SPCSEFBP
Open High Low SPCSEFBP Price Change
736.31 736.52 732.57 734.71 -1.34
Entry Signal

MarketClub’s Trade Triangles for SPCSEFBP

long term down The long-term trend has been DOWN since Aug 28th, 2019 at 824.95

intermediate term up The intermediate-term trend has been UP since Aug 4th, 2020 at 745.01

short term down 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).

+55
Smart Scan Analysis for SPCSEFBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
736.31 736.52 732.57 734.71 -1.34
Prev. Close Volume Bid Ask Time
725.27 0 2020-08-07 05:53:19
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