Stock Trend Analysis Report
Prepared for you on Monday, May 22, 2017.
MAGNIS RESOUR (ASX:MNS)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 MNS
The long term trend has been DOWN since Nov 8th, 2016 at 0.590
The intermediate term trend has been DOWN since May 10th, 2017 at 0.620
The short term trend has been UP since May 22nd, 2017 at 0.595
Smart Scan Analysis for MNS
Based on a pre-defined weighted trend formula for chart analysis, MNS scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||0.32||52wk High Date||2014-07-25|
|52wk Low||0.09||52wk Low Date||2014-02-03|