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Index Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
S&P Global Timber and Forestry Index (CME:SPGTTF)
Sidelines Mode (-55) - SPGTTF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SPGTTF?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPGTTF.
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 SPGTTF
The long-term trend has been UP since Sep 17th, 2024 at 2085.85
The intermediate-term trend has been DOWN since Oct 10th, 2024 at 2067.63
The short-term trend has been UP since Nov 18th, 2024 at 1968.44
Smart Scan Analysis for SPGTTF
Based on our trend formula, SPGTTF is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1971.52 | 1972.99 | 1966.22 | 1967.81 | -3.46 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1971.27 | 0 | 2024-11-20 07:04:00 |
| 52wk High | 2161.73 | 52wk High Date | 2018-06-07 |
| 52wk Low | 1604.93 | 52wk Low Date | 2018-11-28 |