Index Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
S&P Global Timber and Forestry Index (EURO) (TR) (CME:SPGTTFTE)
Crossroads (+60) - SPGTTFTE is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SPGTTFTE?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPGTTFTE.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPGTTFTE
The long-term trend has been DOWN since Feb 26th, 2020 at 2750.96
The intermediate-term trend has been UP since Apr 7th, 2020 at 2167.83
The short-term trend has been UP since May 19th, 2020 at 2306.98
Smart Scan Analysis for SPGTTFTE
Based on our trend formula, SPGTTFTE is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||3328.34||52wk High Date||2018-06-07|
|52wk Low||2606.4||52wk Low Date||2018-11-28|