Mutual Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
PROFUNDS SHORT OIL & GAS PROFUND SERVICE CLASS (NASDAQ:SNPSX)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 SNPSX
The long term trend has been UP since Oct 22nd, 2018 at 39.95
The intermediate term trend has been DOWN since Jan 7th, 2019 at 46.77
The short term trend has been DOWN since Jan 17th, 2019 at 45.02
Smart Scan Analysis for SNPSX
Based on a pre-defined weighted trend formula for chart analysis, SNPSX scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk High Date||2018-02-09|
|52wk Low||36.46||52wk Low Date||2018-10-09|
|Year End Close||49.09|