Index Trend Analysis Report
Prepared for you on Tuesday, September 22, 2020.
S&P Mitsubishi Corporate Group Index (CME:SPJCIMTP)
Sidelines Mode (-55) - SPJCIMTP 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 SPJCIMTP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPJCIMTP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPJCIMTP
The long-term trend has been DOWN since Feb 18th, 2020 at 146.68
The intermediate-term trend has been UP since Aug 11th, 2020 at 118.94
The short-term trend has been DOWN since Sep 16th, 2020 at 121.52
Smart Scan Analysis for SPJCIMTP
Based on our trend formula, SPJCIMTP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||186.18||52wk High Date||2018-01-18|
|52wk Low||151.07||52wk Low Date||2018-11-21|