Index Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
S&P / Harel Telecommunications Index TR (CME:SPHLTCIT)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Dec 19th, 2019 at 575.00
The short term trend has been UP since Jan 13th, 2020 at 582.86
Smart Scan Analysis for SPHLTCIT
Based on a pre-defined weighted trend formula for chart analysis, SPHLTCIT scored -55 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|