Index Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
MAC Global Solar Energy Index Total Return (CME:SUNIDX)
Strong Downtrend (-100) - SUNIDX is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SUNIDX?
MarketClub looks at technical strength and momentum to determine if the timing is right for SUNIDX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SUNIDX
The long-term trend has been DOWN since May 4th, 2021 at 396.22
The intermediate-term trend has been DOWN since Feb 1st, 2021 at 520.04
The short-term trend has been DOWN since Apr 28th, 2021 at 432.11
Smart Scan Analysis for SUNIDX
Based on our trend formula, SUNIDX is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||130.12||52wk High Date||2018-05-22|
|52wk Low||85.59||52wk Low Date||2018-10-29|