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Stock Trend Analysis Report

Prepared for you on Friday, September 21, 2018.

THE MICHAELS COMPANIES (NASDAQ:MIK)

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.

NASDAQ_MIK
Open High Low MIK Price Change
16.47 16.76 16.41 16.58 +0.14
Entry Signal

MarketClub’s Trade Triangles for MIK

long term down The long term trend has been DOWN since Mar 21st, 2018 at 20.95

intermediate term down The intermediate term trend has been DOWN since Aug 30th, 2018 at 19.85

short term down The short term trend has been DOWN since Sep 17th, 2018 at 17.11

Smart Scan Analysis for MIK

Based on a pre-defined weighted trend formula for chart analysis, MIK scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for MIK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.47 16.76 16.41 16.58 +0.14
Prev. Close Volume Bid Ask Time
16.44 2767079 2018-09-21 15:59:55
Year High27.87Year High Date2018-01-29
Year Low15.85Year Low Date2018-09-06
52wk High27.8752wk High Date2018-01-29
52wk Low15.8552wk Low Date2018-09-06
Average Volume4,016,114Volatility53.9
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