Index Trend Analysis Report
Prepared for you on Monday, March 27, 2023.
Morningstar China Index PR CNY (CME:MSCNCNYP)
Countertrend Down (-85) - MSCNCNYP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid MSCNCNYP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MSCNCNYP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MSCNCNYP
The long-term trend has been DOWN since Mar 20th, 2023 at 1787.84
The intermediate-term trend has been DOWN since Feb 6th, 2023 at 1978.65
The short-term trend has been UP since Mar 22nd, 2023 at 1834.04
Smart Scan Analysis for MSCNCNYP
Based on our trend formula, MSCNCNYP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).