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Index Trend Analysis Report

Prepared for you on Saturday, December 9, 2023.

S&P / Harel Energy Index (CME:SPHLENIP)

Bull Market Weakness (+75) - SPHLENIP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SPHLENIP as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid SPHLENIP?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPHLENIP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SPHLENIP
Open High Low SPHLENIP Price Change
1620.69 1632.39 1611.09 1632.12 +11.43
Entry Signal

MarketClub’s Trade Triangles for SPHLENIP

long term down The long-term trend has been DOWN since Oct 9th, 2023 at 1537.11

intermediate term up The intermediate-term trend has been UP since Nov 6th, 2023 at 1514.38

short term up The short-term trend has been UP since Nov 15th, 2023 at 1486.06

Smart Scan Analysis for SPHLENIP

Based on our trend formula, SPHLENIP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for SPHLENIP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1620.69 1632.39 1611.09 1632.12 +11.43
Prev. Close Volume Bid Ask Time
1632.12 0 2023-12-07 11:30:00
52wk High1661.1852wk High Date2018-09-25
52wk Low1426.5352wk Low Date2018-06-28
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