Index Trend Analysis Report
Prepared for you on Sunday, May 27, 2018.
VANECK VECTORS OIL SERVICES ETF IV (PACF:OIH.IV)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 OIH.IV
The long term trend has been UP since May 9th, 2018 at 28.1481
The intermediate term trend has been UP since Apr 11th, 2018 at 25.4175
The short term trend has been DOWN since May 22nd, 2018 at 28.8901
Smart Scan Analysis for OIH.IV
Based on a pre-defined weighted trend formula for chart analysis, OIH.IV scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||29.8582||52wk High Date||2018-05-22|
|52wk Low||21.7053||52wk Low Date||2017-08-18|