Stock Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
Net Element, Inc (NASDAQ:NETE)
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 NETE
The long term trend has been UP since Oct 22nd, 2018 at 8.70
The intermediate term trend has been DOWN since Dec 21st, 2018 at 6.03
The short term trend has been DOWN since Jan 17th, 2019 at 6.20
Smart Scan Analysis for NETE
Based on a pre-defined weighted trend formula for chart analysis, NETE scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||15.5||Year High Date||2018-01-02|
|Year Low||3.75||Year Low Date||2018-10-12|
|52wk High||33.51||52wk High Date||2017-12-21|
|52wk Low||3.6653||52wk Low Date||2017-12-07|
|Year End Close||3.49||Average Volume||170,321|
|Shares Outstanding||28,338||Short Interest||34,670|