Stock Trend Analysis Report
Prepared for you on Sunday, July 22, 2018.
MITCHAM INDUSTRIES (NASDAQ:MIND)
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 MIND
The long term trend has been UP since May 15th, 2018 at 3.8800
The intermediate term trend has been DOWN since Jun 27th, 2018 at 3.9200
The short term trend has been DOWN since Jul 18th, 2018 at 3.6921
Smart Scan Analysis for MIND
Based on a pre-defined weighted trend formula for chart analysis, MIND scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||4.57||Year High Date||2018-06-06|
|Year Low||2.861||Year Low Date||2018-04-17|
|52wk High||4.57||52wk High Date||2018-06-06|
|52wk Low||2.82||52wk Low Date||2017-08-23|
|Year End Close||13.63||Average Volume||18,139|
|Shares Outstanding||12,838||Short Interest||587,968|