Index Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
S&P Pharmaceuticals Select Industry Index (CME:SPSIPH)
Long-Term Downtrend (-90) - SPSIPH is in a strong downtrend that is likely to continue. While SPSIPH is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SPSIPH?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPSIPH.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPSIPH
The long-term trend has been DOWN since Apr 9th, 2021 at 5624.73
The intermediate-term trend has been DOWN since Mar 3rd, 2021 at 6048.02
The short-term trend has been DOWN since Apr 29th, 2021 at 5677.43
Smart Scan Analysis for SPSIPH
Based on our trend formula, SPSIPH is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||5742.92||52wk High Date||2018-08-31|
|52wk Low||4454.4||52wk Low Date||2018-05-04|