Index Trend Analysis Report
Prepared for you on Monday, September 20, 2021.
S&P MILA Andean 40 Index PEN (CME:SPMILAP)
Sidelines Mode (+50) - SPMILAP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until SPMILAP can gain momentum.
Is it time to buy, sell, or avoid SPMILAP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPMILAP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPMILAP
The long-term trend has been DOWN since May 19th, 2021 at 528.10
The intermediate-term trend has been UP since Aug 12th, 2021 at 532.27
The short-term trend has been UP since Sep 16th, 2021 at 546.52
Smart Scan Analysis for SPMILAP
Based on our trend formula, SPMILAP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||733.18||52wk High Date||2018-04-20|
|52wk Low||580.97||52wk Low Date||2018-10-31|