Future Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
COCOA MAY 2024 (ICE:@CC.K24)
Countertrend Up (+85) - @CC.K24 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid @CC.K24?
MarketClub looks at technical strength and momentum to determine if the timing is right for @CC.K24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @CC.K24
The long-term trend has been UP since Nov 9th, 2022 at 2445
The intermediate-term trend has been UP since Oct 17th, 2023 at 3552
The short-term trend has been UP since Dec 8th, 2023 at 4178
Smart Scan Analysis for @CC.K24
Based on our trend formula, @CC.K24 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||4257||52wk High Date||2023-11-30|
|52wk Low||2186||52wk Low Date||2022-09-26|