Future Trend Analysis Report
Prepared for you on Sunday, October 2, 2022.
COCOA MARCH 2023 (ICE:@CC.H23)
Sidelines Mode (-55) - @CC.H23 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 @CC.H23?
MarketClub looks at technical strength and momentum to determine if the timing is right for @CC.H23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @CC.H23
The long-term trend has been DOWN since May 10th, 2022 at 2494
The intermediate-term trend has been DOWN since Aug 24th, 2022 at 2342
The short-term trend has been UP since Sep 29th, 2022 at 2292
Smart Scan Analysis for @CC.H23
Based on our trend formula, @CC.H23 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||2786||52wk High Date||2022-02-10|
|52wk Low||2190||52wk Low Date||2022-09-26|