Index Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
Morningstar New Zealand Index PR NZD (CME:MSNZNZDP)
Crossroads (-60) - MSNZNZDP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MSNZNZDP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MSNZNZDP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MSNZNZDP
The long-term trend has been UP since Jan 12th, 2023 at 3309.10
The intermediate-term trend has been DOWN since Feb 20th, 2023 at 3363.46
The short-term trend has been DOWN since Mar 21st, 2023 at 3218.66
Smart Scan Analysis for MSNZNZDP
Based on our trend formula, MSNZNZDP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).