Future Trend Analysis Report
Prepared for you on Friday, February 28, 2020.
HARD RED SPRING WHEAT MAY 2020 (MGEX:@MW.K20)
Strong Downtrend (-100) - @MW.K20 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid @MW.K20?
MarketClub looks at technical strength and momentum to determine if the timing is right for @MW.K20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @MW.K20
The long-term trend has been DOWN since Aug 1st, 2019 at 556.50
The intermediate-term trend has been DOWN since Jan 27th, 2020 at 552.25
The short-term trend has been DOWN since Feb 21st, 2020 at 539.50
Smart Scan Analysis for @MW.K20
Based on our trend formula, @MW.K20 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||638||52wk High Date||2018-11-06|
|52wk Low||511.5||52wk Low Date||2019-09-03|