Stock Trend Analysis Report
Prepared for you on Sunday, October 21, 2018.
VELOCITYSHARES 3X LONG GOLD ET (NASDAQ:UGLD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 109.100
The intermediate term trend has been UP since Oct 11th, 2018 at 82.123
The short term trend has been DOWN since Oct 18th, 2018 at 84.510
Smart Scan Analysis for UGLD
Based on a pre-defined weighted trend formula for chart analysis, UGLD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||126.9||Year High Date||2018-01-25|
|Year Low||75.701||Year Low Date||2018-08-15|
|52wk High||126.9||52wk High Date||2018-01-25|
|52wk Low||75.701||52wk Low Date||2018-08-15|