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Index Trend Analysis Report

Prepared for you on Thursday, April 25, 2024.

S&P GSCI Cocoa ER (CME:SPGSCCP)

Countertrend Up (+85) - SPGSCCP 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 SPGSCCP?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPGSCCP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SPGSCCP
Open High Low SPGSCCP Price Change
38.7790 39.0387 38.6855 38.9833 +0.8379
Entry Signal

MarketClub’s Trade Triangles for SPGSCCP

long term up The long-term trend has been UP since Nov 7th, 2022 at 7.7494

intermediate term up The intermediate-term trend has been UP since Jan 12th, 2024 at 13.6114

short term down The short-term trend has been DOWN since Apr 23rd, 2024 at 36.2688

Smart Scan Analysis for SPGSCCP

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

+85
Smart Scan Analysis for SPGSCCP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
38.7790 39.0387 38.6855 38.9833 +0.8379
Prev. Close Volume Bid Ask Time
38.1454 0 2024-04-25 06:24:00
52wk High10.5350552wk High Date2018-04-26
52wk Low6.6753752wk Low Date2017-12-22
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