Index Trend Analysis Report
Prepared for you on Tuesday, May 18, 2021.
Morningstar South Africa Index PR ZAR (CME:MSZAZARP)
Crossroads (-60) - MSZAZARP 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 MSZAZARP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MSZAZARP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MSZAZARP
The long-term trend has been UP since Jul 8th, 2020 at 8009.46
The intermediate-term trend has been DOWN since Apr 21st, 2021 at 9309.10
The short-term trend has been DOWN since May 12th, 2021 at 9248.53
Smart Scan Analysis for MSZAZARP
Based on our trend formula, MSZAZARP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).