Index Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
S&P Morocco Real Estate price index in local currency (CME:SPFMALP60)
Countertrend Down (-85) - SPFMALP60 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid SPFMALP60?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPFMALP60.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPFMALP60
The long-term trend has been DOWN since Mar 2nd, 2022 at 4.14
The intermediate-term trend has been DOWN since Mar 14th, 2023 at 2.67
The short-term trend has been UP since Mar 23rd, 2023 at 2.68
Smart Scan Analysis for SPFMALP60
Based on our trend formula, SPFMALP60 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).