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Index Trend Analysis Report
Prepared for you on Tuesday, December 5, 2023.
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 UP since Nov 24th, 2023 at 1511.43
The short-term trend has been DOWN since Dec 5th, 2023 at 1514.93
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 |
|---|---|---|---|---|
| 1526.37 | 1526.60 | 1508.91 | 1511.27 | -17.92 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1529.19 | 0 | 2023-12-05 17:03:03 |
| 52wk High | 1717.06 | 52wk High Date | 2018-01-24 |
| 52wk Low | 1314.7 | 52wk Low Date | 2018-03-27 |