Index Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
S&P Global Timber and Forestry Index (TR) (CME:SPGTTFT)
Countertrend Down (-85) - SPGTTFT 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 SPGTTFT?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPGTTFT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPGTTFT
The long-term trend has been DOWN since Mar 10th, 2023 at 3162.62
The intermediate-term trend has been DOWN since Feb 17th, 2023 at 3290.15
The short-term trend has been UP since Mar 21st, 2023 at 3117.72
Smart Scan Analysis for SPGTTFT
Based on our trend formula, SPGTTFT is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||3295.71||52wk High Date||2018-06-07|
|52wk Low||2464.96||52wk Low Date||2018-11-28|