Index Trend Analysis Report
Prepared for you on Monday, May 16, 2022.
S&P/BOVESPA Enhanced Value Index TR (CME:SPEVBBT)
Weak Downtrend (-65) - SPEVBBT is showing signs of a strengthening downtrend. Monitor SPEVBBT as it may be building momentum to the downside.
Is it time to buy, sell, or avoid SPEVBBT?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPEVBBT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPEVBBT
The long-term trend has been DOWN since May 9th, 2022 at 43461.76
The intermediate-term trend has been DOWN since Apr 22nd, 2022 at 46306.59
The short-term trend has been UP since May 13th, 2022 at 44368.34
Smart Scan Analysis for SPEVBBT
Based on our trend formula, SPEVBBT is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).