Index Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
Cushing MLP High Income Index (CME:MLPY)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
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 DOWN since Jul 30th, 2019 at 57.15
The intermediate term trend has been DOWN since Oct 8th, 2019 at 52.38
The short term trend has been UP since Dec 6th, 2019 at 44.39
Smart Scan Analysis for MLPY
Based on a pre-defined weighted trend formula for chart analysis, MLPY scored -75 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|