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Index Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
S&P GSCI Palladium ER (CME:SPGSPAP)
Countertrend Down (-85) - SPGSPAP 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 SPGSPAP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPGSPAP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SPGSPAP
The long-term trend has been DOWN since Oct 31st, 2022 at 1201.25
The intermediate-term trend has been DOWN since Oct 2nd, 2023 at 761.21
The short-term trend has been UP since Dec 8th, 2023 at 617.31
Smart Scan Analysis for SPGSPAP
Based on our trend formula, SPGSPAP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 619.39 | 623.48 | 595.48 | 598.69 | -18.50 |
| Prev. Close | Volume | Bid | Ask | Time |
| 598.69 | 0 | 2023-12-08 15:38:00 |
| 52wk High | 784.075 | 52wk High Date | 2018-11-16 |
| 52wk Low | 547.8385 | 52wk Low Date | 2018-08-16 |