Index Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
HARD RED SPRING WHEAT INDEX (MGEX:IP)
Long-Term Downtrend (-90) - IP is in a strong downtrend that is likely to continue. While IP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for IP
Based on our trend formula, IP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1347.16||52wk High Date||2022-05-18|
|52wk Low||784.48||52wk Low Date||2023-03-10|