Index Trend Analysis Report
Prepared for you on Friday, February 28, 2020.
NATIONAL CORN INDEX (MGEX:IC)
Weak Downtrend (-65) - IC is showing signs of a strengthening downtrend. Monitor IC as it may be building momentum to the downside.
Is it time to buy, sell, or avoid IC?
MarketClub looks at technical strength and momentum to determine if the timing is right for IC.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IC
The long-term trend has been UP since Jun 14th, 2019 at 408.97
The intermediate-term trend has been DOWN since Feb 18th, 2020 at 365.39
The short-term trend has been DOWN since Feb 24th, 2020 at 366.48
Smart Scan Analysis for IC
Based on our trend formula, IC is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||444.83||52wk High Date||2019-07-15|
|52wk Low||38.84||52wk Low Date||2019-06-06|
|Open Time||20:00||Close Time||14:45|