Stock Trend Analysis Report
Prepared for you on Tuesday, December 18, 2018.
First Trust Amex Biotech Index Fund (PACF:FBT)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 FBT
The long term trend has been DOWN since Oct 23rd, 2018 at 138.7600
The intermediate term trend has been DOWN since Dec 17th, 2018 at 129.4301
The short term trend has been DOWN since Dec 14th, 2018 at 131.5700
Smart Scan Analysis for FBT
Based on a pre-defined weighted trend formula for chart analysis, FBT scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||159.85||Year High Date||2018-09-28|
|Year Low||124.451||Year Low Date||2018-04-06|
|52wk High||159.85||52wk High Date||2018-09-28|
|52wk Low||119.96||52wk Low Date||2017-12-06|
|Year End Close||45.95||Average Volume||172,200|