Index Trend Analysis Report
Prepared for you on Wednesday, April 25, 2018.
CUSHING 30 MLP INDEX (CME:MLPX)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MLPX
The long term trend has been DOWN since Feb 28th, 2018 at 270.24
The intermediate term trend has been UP since Apr 16th, 2018 at 255.64
The short term trend has been DOWN since Apr 20th, 2018 at 260.83
Smart Scan Analysis for MLPX
Based on a pre-defined weighted trend formula for chart analysis, MLPX scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||328.82||52wk High Date||2018-01-24|
|52wk Low||241.1||52wk Low Date||2018-03-28|