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.
MarketClub’s Trade Triangles for IP
The long-term trend has been UP since Aug 14th, 2020 at 501.06
The intermediate-term trend has been UP since Sep 27th, 2021 at 902.00
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).
|52wk High||987.79||52wk High Date||2021-10-25|
|52wk Low||515.83||52wk Low Date||2020-12-09|