Index Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
S&P/CSE Food, Beverage & Tobacco Industry Group Index (CME:SPCSEFBP)
Countertrend Up (+85) - SPCSEFBP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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 Aug 20th, 2020 at 750.57
The intermediate-term trend has been UP since Aug 27th, 2021 at 995.46
The short-term trend has been DOWN since Oct 13th, 2021 at 1043.11
Smart Scan Analysis for SPCSEFBP
Based on our trend formula, SPCSEFBP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).