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Index Trend Analysis Report

Prepared for you on Monday, April 19, 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
636.80 636.80 636.80 636.80 +1.63
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 Apr 9th, 2021 at 607.67

short term up The short-term trend has been UP since Apr 7th, 2021 at 580.41

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
636.80 636.80 636.80 636.80 +1.63
Prev. Close Volume Bid Ask Time
635.17 0 2021-04-19 09:06:20
52wk High860.8652wk High Date2020-08-14
52wk Low409.1352wk Low Date2020-06-23
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