Future Trend Analysis Report
Prepared for you on Monday, April 12, 2021.
HARD RED SPRING WHEAT MAY 2021 (MGEX:@MW.K21)
Crossroads (+60) - @MW.K21 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 @MW.K21?
MarketClub looks at technical strength and momentum to determine if the timing is right for @MW.K21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @MW.K21
The long-term trend has been DOWN since Apr 1st, 2021 at 600.50
The intermediate-term trend has been UP since Apr 8th, 2021 at 640.00
The short-term trend has been UP since Apr 7th, 2021 at 615.25
Smart Scan Analysis for @MW.K21
Based on our trend formula, @MW.K21 is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||662||52wk High Date||2021-01-19|
|52wk Low||530.25||52wk Low Date||2020-08-12|