Index Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
iShares US OIL & GAS EXPLORATION & PRO (PACF:IEO.IV)
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 IEO.IV
The long term trend has been UP since Apr 18th, 2018 at 70.5981
The intermediate term trend has been DOWN since Oct 11th, 2018 at 73.1737
The short term trend has been DOWN since Oct 10th, 2018 at 76.4340
Smart Scan Analysis for IEO.IV
Based on a pre-defined weighted trend formula for chart analysis, IEO.IV scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||78.6989||52wk High Date||2018-10-09|
|52wk Low||56.4227||52wk Low Date||2017-10-26|