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Index Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

S&P Oil & Gas Exploration & Production Select Industry Index (CME:SPSIOP)

Sidelines Mode (-55) - SPSIOP 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 SPSIOP?

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

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

CME_SPSIOP
Open High Low SPSIOP Price Change
4967.36 4978.92 4912.23 4950.66 -16.70
Entry Signal

MarketClub’s Trade Triangles for SPSIOP

long term up The long-term trend has been UP since Nov 21st, 2024 at 5687.66

intermediate term down The intermediate-term trend has been DOWN since Dec 4th, 2024 at 5365.83

short term up The short-term trend has been UP since Dec 24th, 2024 at 4965.52

Smart Scan Analysis for SPSIOP

Based on our trend formula, SPSIOP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for SPSIOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4967.36 4978.92 4912.23 4950.66 -16.70
Prev. Close Volume Bid Ask Time
4967.36 0 2024-12-26 13:00:00
52wk High6918.5352wk High Date2018-07-10
52wk Low4719.2952wk Low Date2018-02-09
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