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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.

CME_SPSIPH
Open High Low SPSIPH Price Change
5553.65 5621.55 5541.68 5593.28 +29.98
Entry Signal

MarketClub’s Trade Triangles for SPSIPH

long term down The long-term trend has been DOWN since Apr 9th, 2021 at 5624.73

intermediate term down The intermediate-term trend has been DOWN since Mar 3rd, 2021 at 6048.02

short term down 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).

-90
Smart Scan Analysis for SPSIPH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5553.65 5621.55 5541.68 5593.28 +29.98
Prev. Close Volume Bid Ask Time
5563.30 0 2021-05-12 12:44:26
52wk High5742.9252wk High Date2018-08-31
52wk Low4454.452wk Low Date2018-05-04
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