Stock Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
VELOCITYSHARES 3X LONG GOLD ET (NASDAQ:UGLD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 UGLD
The long term trend has been DOWN since Apr 30th, 2018 at 10.91
The intermediate term trend has been DOWN since Apr 23rd, 2018 at 11.29
The short term trend has been UP since May 22nd, 2018 at 10.43
Smart Scan Analysis for UGLD
Based on a pre-defined weighted trend formula for chart analysis, UGLD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||12.69||Year High Date||2018-01-25|
|Year Low||10.2508||Year Low Date||2018-05-21|
|52wk High||12.72||52wk High Date||2017-09-07|
|52wk Low||9.185||52wk Low Date||2017-07-07|