Future Trend Analysis Report
Prepared for you on Thursday, June 4, 2020.
HARD RED SPRING WHEAT JULY 2020 (MGEX:@MW.N20)
Bull Market Weakness (+75) - @MW.N20 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on @MW.N20 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid @MW.N20?
MarketClub looks at technical strength and momentum to determine if the timing is right for @MW.N20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @MW.N20
The long-term trend has been DOWN since Feb 28th, 2020 at 526.50
The intermediate-term trend has been UP since May 20th, 2020 at 521.75
The short-term trend has been UP since May 26th, 2020 at 517.75
Smart Scan Analysis for @MW.N20
Based on our trend formula, @MW.N20 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||631.75||52wk High Date||2019-01-31|
|52wk Low||502||52wk Low Date||2020-05-04|