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Index Trend Analysis Report

Prepared for you on Tuesday, March 26, 2019.

HARD RED SPRING WHEAT INDEX (MGEX:IP)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

MGEX_IP
Open High Low IP Price Change
540.39 540.39 540.39 540.39 +1.22
Entry Signal

MarketClub’s Trade Triangles for IP

long term down The long term trend has been DOWN since Jan 2nd, 2019 at 511.51

intermediate term up The intermediate term trend has been UP since Mar 20th, 2019 at 529.73

short term up The short term trend has been UP since Mar 13th, 2019 at 516.78

Smart Scan Analysis for IP

Based on a pre-defined weighted trend formula for chart analysis, IP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for IP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
540.39 540.39 540.39 540.39 +1.22
Prev. Close Volume Bid Ask Time
539.17 0 0.00 0.00 2019-03-26 08:02:40
52wk High201852wk High Date2018-05-29
52wk Low499.1652wk Low Date2018-09-14
Want to analyze HARD RED SPRING WHEAT INDEX IP or another symbol? Try our Free Index Trend Analysis Report.