Future Trend Analysis Report
Prepared for you on Wednesday, February 26, 2020.
DOMESTIC HOT-ROLLED COIL STEEL Mar 2020 (NYMEX:@HRC.H20)
Countertrend Up (+85) - @HRC.H20 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 @HRC.H20?
MarketClub looks at technical strength and momentum to determine if the timing is right for @HRC.H20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @HRC.H20
The long-term trend has been UP since Dec 2nd, 2019 at 590
The intermediate-term trend has been UP since Feb 19th, 2020 at 571
The short-term trend has been DOWN since Feb 26th, 2020 at 570
Smart Scan Analysis for @HRC.H20
Based on our trend formula, @HRC.H20 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||676||52wk High Date||2019-03-27|
|52wk Low||523||52wk Low Date||2019-10-03|