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Index Trend Analysis Report
Prepared for you on Tuesday, April 16, 2024.
S&P GSCI Precious Metals (CME:SPGSPM)
Countertrend Up (+85) - SPGSPM 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 SPGSPM?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPGSPM.
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 SPGSPM
The long-term trend has been UP since Nov 16th, 2023 at 2615.19
The intermediate-term trend has been UP since Feb 29th, 2024 at 2658.40
The short-term trend has been DOWN since Apr 15th, 2024 at 3047.67
Smart Scan Analysis for SPGSPM
Based on our trend formula, SPGSPM is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3127.38 | 3130.54 | 3094.52 | 3103.79 | -27.68 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3131.47 | 0 | 2024-04-16 07:20:00 |
| 52wk High | 1794.37 | 52wk High Date | 2018-01-25 |
| 52wk Low | 1521.329 | 52wk Low Date | 2018-08-16 |