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Index Trend Analysis Report

Prepared for you on Friday, February 21, 2020.

S&P Nigeria Select Equity Income Index (NGN) (CME:SPNSEINP)

Weak Downtrend (-65) - SPNSEINP is showing signs of a strengthening downtrend. Monitor SPNSEINP as it may be building momentum to the downside.

Is it time to buy, sell, or avoid SPNSEINP?

MarketClub looks at technical strength and momentum to determine if the timing is right for SPNSEINP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_SPNSEINP
Open High Low SPNSEINP Price Change
376.07 381.93 376.07 377.84 -0.65
Entry Signal

MarketClub’s Trade Triangles for SPNSEINP

long term up The long-term trend has been UP since Nov 12th, 2019 at 361.34

intermediate term down The intermediate-term trend has been DOWN since Feb 3rd, 2020 at 405.21

short term down The short-term trend has been DOWN since Jan 22nd, 2020 at 431.60

Smart Scan Analysis for SPNSEINP

Based on our trend formula, SPNSEINP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for SPNSEINP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
376.07 381.93 376.07 377.84 -0.65
Prev. Close Volume Bid Ask Time
434.17 0 2020-02-21 11:26:09
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