Index Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
PROSHARES ULTRA BLOOMBERG NATURAL GAS IO (PACF:BOIL.IV)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 BOIL.IV
The long term trend has been UP since Sep 25th, 2018 at 31.2929
The intermediate term trend has been UP since Nov 5th, 2018 at 37.2678
The short term trend has been DOWN since Nov 15th, 2018 at 43.6545
Smart Scan Analysis for BOIL.IV
Based on a pre-defined weighted trend formula for chart analysis, BOIL.IV scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||72.7453||52wk High Date||2018-11-14|
|52wk Low||24.7898||52wk Low Date||2018-07-19|