Index Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
S&P Nigeria Select Index (USD) (CME:SPNISUP)
Long-Term Uptrend (+90) - SPNISUP is in a strong uptrend that is likely to continue. While SPNISUP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid SPNISUP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPNISUP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPNISUP
The long-term trend has been UP since Jul 6th, 2021 at 88.74
The intermediate-term trend has been UP since Sep 29th, 2021 at 89.50
The short-term trend has been UP since Oct 13th, 2021 at 93.24
Smart Scan Analysis for SPNISUP
Based on our trend formula, SPNISUP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||147.97||52wk High Date||2018-01-22|
|52wk Low||93.62||52wk Low Date||2018-09-13|