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Index Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
S&P MLP Index (CME:SPMLP)
Bull Market Weakness (+75) - SPMLP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SPMLP as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SPMLP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPMLP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SPMLP
The long-term trend has been UP since Jul 10th, 2023 at 1383.96
The intermediate-term trend has been DOWN since Apr 15th, 2024 at 1639.27
The short-term trend has been UP since Apr 19th, 2024 at 1641.66
Smart Scan Analysis for SPMLP
Based on our trend formula, SPMLP is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1665.71 | 1675.49 | 1660.31 | 1674.11 | +5.67 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1674.11 | 0 | 2024-04-24 17:07:32 |
| 52wk High | 1717.06 | 52wk High Date | 2018-01-24 |
| 52wk Low | 1314.7 | 52wk Low Date | 2018-03-27 |