Index Trend Analysis Report
Prepared for you on Friday, February 28, 2020.
Cushing MLP Market Cap Index (CME:CMCI)
Long-Term Downtrend (-90) - CMCI is in a strong downtrend that is likely to continue. While CMCI is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CMCI?
MarketClub looks at technical strength and momentum to determine if the timing is right for CMCI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CMCI
The long-term trend has been DOWN since Aug 5th, 2019 at 147.25
The intermediate-term trend has been DOWN since Jan 23rd, 2020 at 136.90
The short-term trend has been DOWN since Feb 21st, 2020 at 128.37
Smart Scan Analysis for CMCI
Based on our trend formula, CMCI is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||186.4||52wk High Date||2018-01-24|
|52wk Low||138.53||52wk Low Date||2018-03-27|