Stock Trend Analysis Report
Prepared for you on Friday, July 20, 2018.
MELLANOX TECHNOLOGIES (NASDAQ:MLNX)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 MLNX
The long term trend has been UP since Jan 25th, 2017 at 46.20
The intermediate term trend has been UP since Jul 18th, 2018 at 87.15
The short term trend has been DOWN since Jul 20th, 2018 at 82.60
Smart Scan Analysis for MLNX
Based on a pre-defined weighted trend formula for chart analysis, MLNX scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||90.45||Year High Date||2018-06-20|
|Year Low||58.4||Year Low Date||2018-02-09|
|52wk High||90.45||52wk High Date||2018-06-20|
|52wk Low||42.25||52wk Low Date||2017-10-26|
|Year End Close||59.38||Average Volume||608,477|
|Shares Outstanding||42,313||Short Interest||7,552,018|