Index Trend Analysis Report
Prepared for you on Wednesday, January 19, 2022.
S&P Food & Beverage Select Industry Index (CME:SPSIFB)
Sidelines Mode (+55) - SPSIFB is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SPSIFB?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPSIFB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPSIFB
The long-term trend has been UP since Dec 28th, 2021 at 7279.84
The intermediate-term trend has been UP since Dec 16th, 2021 at 7202.55
The short-term trend has been DOWN since Jan 18th, 2022 at 7243.72
Smart Scan Analysis for SPSIFB
Based on our trend formula, SPSIFB is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||5232.05||52wk High Date||2018-09-12|
|52wk Low||4600.42||52wk Low Date||2018-05-04|