Mutual Trend Analysis Report
Prepared for you on Wednesday, October 5, 2022.
INVESCO S&P 500 INDEX FUND CLASS Y (NASDAQ:SPIDX)
Long-Term Downtrend (-90) - SPIDX is in a strong downtrend that is likely to continue. While SPIDX 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 SPIDX?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPIDX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SPIDX
The long-term trend has been DOWN since Sep 27th, 2022 at 39.36
The intermediate-term trend has been DOWN since Aug 26th, 2022 at 43.97
The short-term trend has been DOWN since Sep 29th, 2022 at 39.29
Smart Scan Analysis for SPIDX
Based on our trend formula, SPIDX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||51.33||52wk High Date||2021-12-10|
|52wk Low||38.64||52wk Low Date||2022-09-30|
|Year End Close||50.86||Payment Date||2019-12-13|