Index Trend Analysis Report
Prepared for you on Monday, August 3, 2020.
S&P MILA Andean 40 Index COP (CME:SPMILAO)
Sidelines Mode (+55) - SPMILAO 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 SPMILAO?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPMILAO.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPMILAO
The long-term trend has been DOWN since Nov 12th, 2019 at 842.33
The intermediate-term trend has been UP since Jul 22nd, 2020 at 696.67
The short-term trend has been DOWN since Jul 31st, 2020 at 709.19
Smart Scan Analysis for SPMILAO
Based on our trend formula, SPMILAO is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||981.9||52wk High Date||2018-01-30|
|52wk Low||838.9||52wk Low Date||2018-09-11|