Index Trend Analysis Report

Prepared for you on Saturday, May 4, 2024.

S&P/CSE Utilities Industry Group Index (CME:SPCSEUIP)

Countertrend Up (+85) - SPCSEUIP 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 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.

Open	High	Low	SPCSEUIP Price	Change
967.48	978.99	960.31	976.41	+1.57
Entry Signal

MarketClub’s Trade Triangles for SPCSEUIP

The long-term trend has been UP since Feb 24th, 2023 at 844.27

The intermediate-term trend has been UP since Feb 29th, 2024 at 923.36

The short-term trend has been DOWN since May 3rd, 2024 at 961.83

Smart Scan Analysis for SPCSEUIP

Based on our trend formula, SPCSEUIP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
967.48	978.99	960.31	976.41	+1.57
Prev. Close	Volume	Bid	Ask	Time
976.41	0			2024-05-03 05:40:23

Get a free daily analysis and signals for S&P/CSE Utilities Industry Group Index (SPCSEUIP) - Request Your Free Report.