Future Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
HARD RED SPRING WHEAT MAY 2020 (MGEX:@MW.K20)
Crossroads (+60) - @MW.K20 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid @MW.K20?
MarketClub looks at technical strength and momentum to determine if the timing is right for @MW.K20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @MW.K20
The long-term trend has been DOWN since Feb 28th, 2020 at 516.00
The intermediate-term trend has been UP since Mar 25th, 2020 at 534.75
The short-term trend has been UP since Apr 5th, 2020 at 527.25
Smart Scan Analysis for @MW.K20
Based on our trend formula, @MW.K20 is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||638||52wk High Date||2018-11-06|
|52wk Low||503||52wk Low Date||2020-03-12|