Index Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
S&P GSCI Soybean Meal Dynamic Roll ER (CME:SPDYSMP)
Weak Downtrend (-65) - SPDYSMP is showing signs of a strengthening downtrend. Monitor SPDYSMP as it may be building momentum to the downside.
Is it time to buy, sell, or avoid SPDYSMP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPDYSMP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPDYSMP
The long-term trend has been UP since Oct 20th, 2023 at 1279.61
The intermediate-term trend has been DOWN since Nov 30th, 2023 at 1305.23
The short-term trend has been DOWN since Dec 7th, 2023 at 1259.79
Smart Scan Analysis for SPDYSMP
Based on our trend formula, SPDYSMP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||950.1449||52wk High Date||2018-05-01|
|52wk Low||728.4808||52wk Low Date||2018-11-26|