Index Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
Morningstar Egypt Index PR EGP (CME:MSEGEGPP)
Long-Term Downtrend (-90) - MSEGEGPP is in a strong downtrend that is likely to continue. While MSEGEGPP 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 MSEGEGPP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MSEGEGPP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MSEGEGPP
The long-term trend has been DOWN since Feb 24th, 2022 at 24245.96
The intermediate-term trend has been DOWN since May 17th, 2022 at 22276.20
The short-term trend has been DOWN since Jun 13th, 2022 at 21510.85
Smart Scan Analysis for MSEGEGPP
Based on our trend formula, MSEGEGPP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).