Future Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
HARD RED SPRING WHEAT MAY 2021 (MGEX:@MW.K21)
Strong Uptrend (+100) - @MW.K21 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, @MW.K21 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Apr 14th, 2021 at 662.00
The intermediate-term trend has been UP since Apr 8th, 2021 at 640.00
The short-term trend has been UP since May 3rd, 2021 at 763.25
Smart Scan Analysis for @MW.K21
Based on our trend formula, @MW.K21 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||769.25||52wk High Date||2021-05-04|
|52wk Low||530.25||52wk Low Date||2020-08-12|