Stock Trend Analysis Report
Prepared for you on Thursday, November 23, 2017.
THE MICHAELS COMPANIES (NASDAQ:MIK)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 MIK
The long term trend has been DOWN since Nov 6th, 2017 at 18.91
The intermediate term trend has been DOWN since Sep 18th, 2017 at 21.28
The short term trend has been UP since Nov 17th, 2017 at 18.63
Smart Scan Analysis for MIK
Based on a pre-defined weighted trend formula for chart analysis, MIK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||24.24||Year High Date||2017-08-24|
|Year Low||17.25||Year Low Date||2017-07-11|
|52wk High||25.5732||52wk High Date||2016-11-25|
|52wk Low||17.25||52wk Low Date||2017-07-11|