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Index Trend Analysis Report

Prepared for you on Tuesday, March 28, 2023.

S&P / Harel Materials Index TR (CME:SPHLMAIT)

Countertrend Down (-85) - SPHLMAIT 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 SPHLMAIT?

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

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

CME_SPHLMAIT
Open High Low SPHLMAIT Price Change
2403.33 2429.51 2401.01 2404.28 +0.95
Entry Signal

MarketClub’s Trade Triangles for SPHLMAIT

long term down The long-term trend has been DOWN since Jun 13th, 2022 at 3102.08

intermediate term down The intermediate-term trend has been DOWN since Feb 21st, 2023 at 2613.89

short term up The short-term trend has been UP since Mar 23rd, 2023 at 2373.15

Smart Scan Analysis for SPHLMAIT

Based on our trend formula, SPHLMAIT is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for SPHLMAIT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2403.33 2429.51 2401.01 2404.28 +0.95
Prev. Close Volume Bid Ask Time
2403.33 0 2023-03-28 12:41:31
52wk High2341.0852wk High Date2018-10-03
52wk Low1756.0952wk Low Date2018-02-06
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