Index Trend Analysis Report
Prepared for you on Tuesday, March 20, 2018.
OPPENHEIMER REVENUE WEIGHTED ETF TRUST (PACF:ESGF.IV)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 ESGF.IV
The long term trend has been UP since Dec 8th, 2016 at 25.1216
The intermediate term trend has been DOWN since Feb 5th, 2018 at 32.3229
The short term trend has been DOWN since Mar 15th, 2018 at 31.5644
Smart Scan Analysis for ESGF.IV
Based on a pre-defined weighted trend formula for chart analysis, ESGF.IV scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||33.4237||52wk High Date||2018-01-25|
|52wk Low||26.5511||52wk Low Date||2017-04-19|