Index Trend Analysis Report
Prepared for you on Sunday, November 28, 2021.
Morningstar Brazil Target Momentum PR BRL (CME:MSEGBTPB)
Long-Term Downtrend (-90) - MSEGBTPB is in a strong downtrend that is likely to continue. While MSEGBTPB 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 MSEGBTPB?
MarketClub looks at technical strength and momentum to determine if the timing is right for MSEGBTPB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MSEGBTPB
The long-term trend has been DOWN since Aug 16th, 2021 at 4235.14
The intermediate-term trend has been DOWN since Oct 21st, 2021 at 3957.33
The short-term trend has been DOWN since Nov 26th, 2021 at 3744.16
Smart Scan Analysis for MSEGBTPB
Based on our trend formula, MSEGBTPB is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).