Stock Trend Analysis Report
Prepared for you on Thursday, August 16, 2018.
NEW RELIC INC (NYSE:NEWR)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 NEWR
The long term trend has been UP since Jan 25th, 2017 at 38.470
The intermediate term trend has been DOWN since Jul 30th, 2018 at 101.810
The short term trend has been DOWN since Aug 15th, 2018 at 102.561
Smart Scan Analysis for NEWR
Based on a pre-defined weighted trend formula for chart analysis, NEWR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||114.78||Year High Date||2018-07-24|
|Year Low||56.01||Year Low Date||2018-02-06|
|52wk High||114.78||52wk High Date||2018-07-24|
|52wk Low||45.32||52wk Low Date||2017-08-18|