Index Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
S&P/CSE Food & Staples Retailing Industry Group Index (CME:SPCSEFRP)
Sidelines Mode (-55) - SPCSEFRP 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 SPCSEFRP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPCSEFRP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPCSEFRP
The long-term trend has been UP since Jul 27th, 2020 at 1152.45
The intermediate-term trend has been DOWN since Feb 23rd, 2021 at 1354.23
The short-term trend has been UP since Mar 3rd, 2021 at 1380.43
Smart Scan Analysis for SPCSEFRP
Based on our trend formula, SPCSEFRP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).