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Index Trend Analysis Report

Prepared for you on Thursday, May 30, 2024.

S&P / Harel Telecommunications Index (CME:SPHLTCIP)

Countertrend Down (-85) - SPHLTCIP 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 SPHLTCIP?

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

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

CME_SPHLTCIP
Open High Low SPHLTCIP Price Change
456.15 456.15 449.08 449.91 -6.24
Entry Signal

MarketClub’s Trade Triangles for SPHLTCIP

long term down The long-term trend has been DOWN since Mar 11th, 2024 at 475.82

intermediate term down The intermediate-term trend has been DOWN since May 16th, 2024 at 460.02

short term up The short-term trend has been UP since May 29th, 2024 at 452.90

Smart Scan Analysis for SPHLTCIP

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

-85
Smart Scan Analysis for SPHLTCIP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
456.15 456.15 449.08 449.91 -6.24
Prev. Close Volume Bid Ask Time
456.15 0 2024-05-30 05:02:45
52wk High690.352wk High Date2018-01-07
52wk Low484.5352wk Low Date2018-07-11
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