Future Trend Analysis Report
Prepared for you on Monday, May 17, 2021.
HARD RED SPRING WHEAT JULY 2021 (MGEX:@MW.N21)
Weak Downtrend (-65) - @MW.N21 is showing signs of a strengthening downtrend. Monitor @MW.N21 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid @MW.N21?
MarketClub looks at technical strength and momentum to determine if the timing is right for @MW.N21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @MW.N21
The long-term trend has been UP since Apr 14th, 2021 at 666.25
The intermediate-term trend has been DOWN since May 16th, 2021 at 723.75
The short-term trend has been DOWN since May 10th, 2021 at 784.75
Smart Scan Analysis for @MW.N21
Based on our trend formula, @MW.N21 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||807.25||52wk High Date||2021-05-07|
|52wk Low||540.5||52wk Low Date||2020-08-12|