Index Trend Analysis Report
Prepared for you on Tuesday, August 9, 2022.
S&P GIVI South Africa 50 ZAR (CME:SPVSA5ZP)
Long-Term Uptrend (+90) - SPVSA5ZP is in a strong uptrend that is likely to continue. While SPVSA5ZP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid SPVSA5ZP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPVSA5ZP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPVSA5ZP
The long-term trend has been UP since Jul 7th, 2022 at 2987.15
The intermediate-term trend has been UP since Jul 7th, 2022 at 2935.47
The short-term trend has been UP since Aug 3rd, 2022 at 2936.93
Smart Scan Analysis for SPVSA5ZP
Based on our trend formula, SPVSA5ZP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).