Index Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
Cushing MLP High Income Index (CME:MLPY)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MLPY
The long term trend has been UP since Apr 2nd, 2019 at 61.77
The intermediate term trend has been UP since Jul 3rd, 2019 at 58.95
The short term trend has been UP since Jul 23rd, 2019 at 59.59
Smart Scan Analysis for MLPY
Based on a pre-defined weighted trend formula for chart analysis, MLPY scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||78.2||52wk High Date||2018-01-24|
|52wk Low||57.1||52wk Low Date||2018-11-20|