Index Trend Analysis Report
Prepared for you on Thursday, February 22, 2018.
VANECK VECTORS OIL SERVICES ETF IV (PACF:OIH.IV)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 DOWN since Feb 9th, 2018 at 23.5914
The intermediate term trend has been DOWN since Jan 30th, 2018 at 27.6502
The short term trend has been UP since Feb 16th, 2018 at 24.5069
Smart Scan Analysis for OIH.IV
Based on a pre-defined weighted trend formula for chart analysis, OIH.IV scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||33.11||52wk High Date||2017-03-01|
|52wk Low||21.7053||52wk Low Date||2017-08-18|