Stock Trend Analysis Report
Prepared for you on Sunday, September 23, 2018.
APPROACH RESOURCES (NASDAQ:AREX)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines 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 AREX
The long term trend has been DOWN since Apr 6th, 2018 at 2.43
The intermediate term trend has been DOWN since Jun 12th, 2018 at 2.60
The short term trend has been UP since Sep 20th, 2018 at 2.08
Smart Scan Analysis for AREX
Based on a pre-defined weighted trend formula for chart analysis, AREX scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||4.21||Year High Date||2018-01-12|
|Year Low||1.955||Year Low Date||2018-09-18|
|52wk High||4.21||52wk High Date||2018-01-12|
|52wk Low||1.955||52wk Low Date||2018-09-18|
|Year End Close||25.01||Average Volume||267,024|
|Shares Outstanding||38,539||Short Interest||4,535,910|