Index Trend Analysis Report
Prepared for you on Saturday, July 31, 2021.
S&P / Harel Energy Index TR (CME:SPHLENIT)
Sidelines Mode (-55) - SPHLENIT 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 SPHLENIT?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPHLENIT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPHLENIT
The long-term trend has been DOWN since Jul 19th, 2021 at 1728.25
The intermediate-term trend has been DOWN since Jun 8th, 2021 at 1791.59
The short-term trend has been UP since Jul 22nd, 2021 at 1730.73
Smart Scan Analysis for SPHLENIT
Based on our trend formula, SPHLENIT is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||2099.48||52wk High Date||2018-11-29|
|52wk Low||1770.54||52wk Low Date||2018-06-28|