Future Trend Analysis Report
Prepared for you on Tuesday, March 2, 2021.
HARD RED SPRING WHEAT MAY 2021 (MGEX:@MW.K21)
Countertrend Up (+85) - @MW.K21 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 @MW.K21?
MarketClub looks at technical strength and momentum to determine if the timing is right for @MW.K21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @MW.K21
The long-term trend has been UP since Sep 18th, 2020 at 573.25
The intermediate-term trend has been UP since Dec 11th, 2020 at 581.50
The short-term trend has been DOWN since Feb 26th, 2021 at 644.00
Smart Scan Analysis for @MW.K21
Based on our trend formula, @MW.K21 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||662||52wk High Date||2021-01-19|
|52wk Low||530.25||52wk Low Date||2020-08-12|