Stock Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
CENTENNIAL RESOURCE DEVELOPMENT INC CL A COMMON (NASDAQ:CDEV)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 CDEV
The long term trend has been UP since Sep 10th, 2018 at 19.580
The intermediate term trend has been DOWN since Oct 18th, 2018 at 20.630
The short term trend has been DOWN since Oct 18th, 2018 at 20.665
Smart Scan Analysis for CDEV
Based on a pre-defined weighted trend formula for chart analysis, CDEV scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||23.12||Year High Date||2018-10-04|
|Year Low||15.78||Year Low Date||2018-06-05|
|52wk High||23.12||52wk High Date||2018-10-04|
|52wk Low||15.78||52wk Low Date||2018-06-05|