Index Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
S&P/CSE Utilities Industry Group Index (CME:SPCSEUIP)
Long-Term Uptrend (+90) - SPCSEUIP is in a strong uptrend that is likely to continue. While SPCSEUIP 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 SPCSEUIP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPCSEUIP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPCSEUIP
The long-term trend has been UP since Aug 3rd, 2022 at 884.56
The intermediate-term trend has been UP since Jul 14th, 2022 at 774.60
The short-term trend has been UP since Jul 29th, 2022 at 812.68
Smart Scan Analysis for SPCSEUIP
Based on our trend formula, SPCSEUIP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).