Stock Trend Analysis Report
Prepared for you on Thursday, October 18, 2018.
TECH DATA (NASDAQ:TECD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 TECD
The long term trend has been DOWN since Mar 8th, 2018 at 89.68
The intermediate term trend has been DOWN since Aug 30th, 2018 at 82.69
The short term trend has been UP since Oct 16th, 2018 at 71.54
Smart Scan Analysis for TECD
Based on a pre-defined weighted trend formula for chart analysis, TECD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||108.62||Year High Date||2018-03-07|
|Year Low||68.03||Year Low Date||2018-10-15|
|52wk High||108.62||52wk High Date||2018-03-07|
|52wk Low||68.03||52wk Low Date||2018-10-15|
|Year End Close||45.53||Average Volume||470,957|
|Shares Outstanding||37,761||Short Interest||1,312,450|