Mutual Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
PROFUNDS SHORT OIL & GAS PROFUND INVESTOR CL (NASDAQ:SNPIX)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 SNPIX
The long term trend has been UP since Oct 22nd, 2018 at 41.92
The intermediate term trend has been UP since Oct 11th, 2018 at 40.53
The short term trend has been DOWN since Nov 26th, 2018 at 46.70
Smart Scan Analysis for SNPIX
Based on a pre-defined weighted trend formula for chart analysis, SNPIX scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||46.91||52wk High Date||2018-02-09|
|52wk Low||38.32||52wk Low Date||2018-10-09|
|Year End Close||43.44|