Stock Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
FORTUNE BAY CORP (CDNX:FOR)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 FOR
The long term trend has been DOWN since Sep 6th, 2017 at 0.530
The intermediate term trend has been UP since Oct 15th, 2018 at 0.285
The short term trend has been UP since Oct 15th, 2018 at 0.280
Smart Scan Analysis for FOR
Based on a pre-defined weighted trend formula for chart analysis, FOR scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||0.45||Year High Date||2018-02-27|
|Year Low||0.255||Year Low Date||2018-09-21|
|52wk High||0.51||52wk High Date||2017-10-19|
|52wk Low||0.255||52wk Low Date||2018-09-21|