Index Trend Analysis Report
Prepared for you on Thursday, August 16, 2018.
PROSHARES ULTRA BLOOMBERG NATURAL GAS [NAV] (PACF:BOIL.NV)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 BOIL.NV
The long term trend has been DOWN since Jul 16th, 2018 at 25.8016
The intermediate term trend has been UP since Aug 6th, 2018 at 27.5260
The short term trend has been UP since Aug 3rd, 2018 at 27.1691
Smart Scan Analysis for BOIL.NV
Based on a pre-defined weighted trend formula for chart analysis, BOIL.NV scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||49.4915||52wk High Date||2017-09-19|
|52wk Low||25.126||52wk Low Date||2018-07-19|