Mutual Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
PROFUNDS SHORT OIL & GAS PROFUND INVESTOR CL (NASDAQ:SNPIX)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 SNPIX
The long term trend has been UP since Aug 15th, 2018 at 41.74
The intermediate term trend has been DOWN since Sep 21st, 2018 at 39.95
The short term trend has been DOWN since Sep 11th, 2018 at 41.41
Smart Scan Analysis for SNPIX
Based on a pre-defined weighted trend formula for chart analysis, SNPIX scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||47.47||52wk High Date||2017-10-25|
|52wk Low||38.32||52wk Low Date||2018-10-09|
|Year End Close||43.44|