Stock Trend Analysis Report
Prepared for you on Thursday, August 17, 2017.
ELLEX MEDICAL LASER (ASX:ELX)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.
MarketClub’s Trade Triangles for ELX
The long term trend has been DOWN since Feb 2nd, 2017 at 1.14
The intermediate term trend has been UP since Jul 27th, 2017 at 1.08
The short term trend has been DOWN since Aug 4th, 2017 at 1.04
Smart Scan Analysis for ELX
Based on a pre-defined weighted trend formula for chart analysis, ELX scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||0.47||52wk High Date||2014-01-22|
|52wk Low||0.23||52wk Low Date||2014-12-18|