Stock Trend Analysis Report
Prepared for you on Wednesday, August 15, 2018.
VELOCITYSHARES 3X LONG GOLD ET (NASDAQ:UGLD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 UGLD
The long term trend has been DOWN since Apr 30th, 2018 at 10.9100
The intermediate term trend has been DOWN since Apr 23rd, 2018 at 11.2900
The short term trend has been DOWN since Aug 13th, 2018 at 8.3068
Smart Scan Analysis for UGLD
Based on a pre-defined weighted trend formula for chart analysis, UGLD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||12.69||Year High Date||2018-01-25|
|Year Low||7.9499||Year Low Date||2018-08-13|
|52wk High||12.72||52wk High Date||2017-09-07|
|52wk Low||7.9499||52wk Low Date||2018-08-13|