Index Trend Analysis Report
Prepared for you on Sunday, September 15, 2019.
S&P / Harel Telecommunications Index TR (CME:SPHLTCIT)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SPHLTCIT
The long term trend has been DOWN since Sep 10th, 2019 at 493.95
The intermediate term trend has been DOWN since Sep 10th, 2019 at 494.74
The short term trend has been UP since Sep 12th, 2019 at 502.61
Smart Scan Analysis for SPHLTCIT
Based on a pre-defined weighted trend formula for chart analysis, SPHLTCIT scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||958.32||52wk High Date||2018-01-07|
|52wk Low||675.97||52wk Low Date||2018-07-11|