Stock Trend Analysis Report
Prepared for you on Wednesday, December 19, 2018.
Echo Global Logistics, Inc (NASDAQ:ECHO)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 ECHO
The long term trend has been DOWN since Oct 10th, 2018 at 28.7000
The intermediate term trend has been DOWN since Sep 24th, 2018 at 32.8500
The short term trend has been DOWN since Dec 4th, 2018 at 24.6363
Smart Scan Analysis for ECHO
Based on a pre-defined weighted trend formula for chart analysis, ECHO scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||36.75||Year High Date||2018-09-10|
|Year Low||24.03||Year Low Date||2018-10-26|
|52wk High||36.75||52wk High Date||2018-09-10|
|52wk Low||24.03||52wk Low Date||2018-10-26|
|Year End Close||17.97||Average Volume||218,817|
|Shares Outstanding||23,163||Short Interest||1,963,935|