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Future Trend Analysis Report

Prepared for you on Sunday, December 10, 2023.


Sidelines Mode (+55) - MGC.Z23 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 MGC.Z23?

MarketClub looks at technical strength and momentum to determine if the timing is right for MGC.Z23.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low MGC.Z23 Price Change
2022.6 2024.4 1996.6 1998.3 -31.5
Entry Signal

MarketClub’s Trade Triangles for MGC.Z23

long term up The long-term trend has been UP since Nov 28th, 2023 at 2019.7

intermediate term up The intermediate-term trend has been UP since Oct 17th, 2023 at 1946.1

short term down The short-term trend has been DOWN since Dec 8th, 2023 at 2020.6

Smart Scan Analysis for MGC.Z23

Based on our trend formula, MGC.Z23 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for MGC.Z23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2022.6 2024.4 1996.6 1998.3 -31.5
Prev. Close Volume Bid Ask Time
1999.6 35 2023-12-08 13:58:45
Expiration2023-12-27Open Time18:00
Close Time17:00
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