Index Trend Analysis Report
Prepared for you on Monday, December 11, 2017.
VANECK VECTORS OIL SERVICES ETF IV (PACF:OIH.IV)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 DOWN since Mar 6th, 2017 at 31.6098
The intermediate term trend has been UP since Nov 6th, 2017 at 25.3361
The short term trend has been UP since Dec 11th, 2017 at 24.9863
Smart Scan Analysis for OIH.IV
Based on a pre-defined weighted trend formula for chart analysis, OIH.IV scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||36.3365||52wk High Date||2016-12-12|
|52wk Low||21.7053||52wk Low Date||2017-08-18|