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Future Trend Analysis Report
Prepared for you on Sunday, March 26, 2023.
HARD RED SPRING WHEAT JULY 2023 (MGEX:@MW.N23)
Sidelines Mode (-55) - @MW.N23 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid @MW.N23?
MarketClub looks at technical strength and momentum to determine if the timing is right for @MW.N23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for @MW.N23
The long-term trend has been DOWN since Jul 5th, 2022 at 953.5
The intermediate-term trend has been DOWN since Feb 22nd, 2023 at 902.0
The short-term trend has been UP since Mar 24th, 2023 at 850.5
Smart Scan Analysis for @MW.N23
Based on our trend formula, @MW.N23 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 840.75 | 870.25 | 838.00 | 860.00 | +18.00 |
| Prev. Close | Volume | Bid | Ask | Time |
| 842.00 | 3923 | 860.00 | 860.50 | 2023-03-24 14:16:59 |
| 52wk High | 1264 | 52wk High Date | 2022-05-19 |
| 52wk Low | 814.25 | 52wk Low Date | 2023-03-10 |
| Volatility | 15.47 | Expiration | 2023-07-14 |