Index Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
Morningstar Colombia Index PR COP (CME:MSCOCOPP)
Sidelines Mode (-55) - MSCOCOPP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MSCOCOPP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MSCOCOPP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MSCOCOPP
The long-term trend has been DOWN since Apr 13th, 2021 at 6353.75
The intermediate-term trend has been DOWN since Jan 25th, 2021 at 6803.72
The short-term trend has been UP since May 6th, 2021 at 6150.25
Smart Scan Analysis for MSCOCOPP
Based on our trend formula, MSCOCOPP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).