Index Trend Analysis Report
Prepared for you on Sunday, February 23, 2020.
World Bioenergy Index (EUR) (CME:BIOXP)
Long-Term Uptrend (+90) - BIOXP is in a strong uptrend that is likely to continue. While BIOXP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid BIOXP?
MarketClub looks at technical strength and momentum to determine if the timing is right for BIOXP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BIOXP
The long-term trend has been UP since Nov 7th, 2019 at 110.51
The intermediate-term trend has been UP since Feb 5th, 2020 at 127.25
The short-term trend has been UP since Feb 20th, 2020 at 132.60
Smart Scan Analysis for BIOXP
Based on our trend formula, BIOXP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||124.42||52wk High Date||2018-01-12|
|52wk Low||94.93||52wk Low Date||2018-07-05|