Stock Trend Analysis Report
Prepared for you on Wednesday, June 20, 2018.
ARENA PHARMACEUTICALS (NASDAQ:ARNA)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 ARNA
The long term trend has been UP since Jun 22nd, 2017 at 17.016
The intermediate term trend has been UP since Mar 21st, 2018 at 44.500
The short term trend has been DOWN since Jun 18th, 2018 at 48.720
Smart Scan Analysis for ARNA
Based on a pre-defined weighted trend formula for chart analysis, ARNA scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||49.85||Year High Date||2018-06-15|
|Year Low||30||Year Low Date||2018-03-19|
|52wk High||49.85||52wk High Date||2018-06-15|
|52wk Low||12.51||52wk Low Date||2017-06-19|
|Year End Close||9.02||Average Volume||613,691|
|Shares Outstanding||217,293||Short Interest||55,142,744|