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Future Trend Analysis Report
Prepared for you on Monday, September 25, 2023.
HARD RED SPRING WHEAT SEPTEMBER 2023 (MGEX:@MW.U23)
Bear Market Rally (-75) - @MW.U23 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on @MW.U23 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid @MW.U23?
MarketClub looks at technical strength and momentum to determine if the timing is right for @MW.U23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for @MW.U23
The long-term trend has been DOWN since Aug 22nd, 2023 at 771.75
The intermediate-term trend has been DOWN since Aug 2nd, 2023 at 843.50
The short-term trend has been UP since Sep 6th, 2023 at 749.00
Smart Scan Analysis for @MW.U23
Based on our trend formula, @MW.U23 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 753.00 | 753.00 | 752.75 | 752.75 | +9.25 |
| Prev. Close | Volume | Bid | Ask | Time |
| 743.50 | 0 | 2023-09-14 12:42:51 |
| 52wk High | 1150 | 52wk High Date | 2022-05-18 |
| 52wk Low | 732.5 | 52wk Low Date | 2023-09-05 |
| Volatility | 29.87 | Expiration | 2023-09-14 |