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Index Trend Analysis Report

Prepared for you on Wednesday, October 27, 2021.

HARD RED SPRING WHEAT INDEX (MGEX:IP)

Strong Uptrend (+100) - IP is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, IP continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

Is it time to buy, sell, or avoid IP?

MarketClub looks at technical strength and momentum to determine if the timing is right for IP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

MGEX_IP
Open High Low IP Price Change
987.79 987.79 987.79 987.79 +26.02
Entry Signal

MarketClub’s Trade Triangles for IP

long term up The long-term trend has been UP since Aug 14th, 2020 at 501.06

intermediate term up The intermediate-term trend has been UP since Sep 27th, 2021 at 902.00

short term up The short-term trend has been UP since Oct 4th, 2021 at 901.29

Smart Scan Analysis for IP

Based on our trend formula, IP is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+100
Smart Scan Analysis for IP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
987.79 987.79 987.79 987.79 +26.02
Prev. Close Volume Bid Ask Time
961.77 0 2021-10-25 09:11:53
52wk High987.7952wk High Date2021-10-25
52wk Low515.8352wk Low Date2020-12-09
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