Future Trend Analysis Report
Prepared for you on Monday, September 25, 2023.
SOYBEAN MEAL May 2024 (CBOT:ZM.K24)
Crossroads (-60) - ZM.K24 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ZM.K24?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZM.K24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZM.K24
The long-term trend has been UP since Jun 21st, 2023 at 412.3
The intermediate-term trend has been DOWN since Sep 17th, 2023 at 378.9
The short-term trend has been DOWN since Sep 22nd, 2023 at 372.7
Smart Scan Analysis for ZM.K24
Based on our trend formula, ZM.K24 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).