Index Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
VANECK VECTORS OIL SERVICES ETF IV (PACF:OIH.IV)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 DOWN since Aug 15th, 2018 at 24.5699
The intermediate term trend has been DOWN since Jul 23rd, 2018 at 25.3969
The short term trend has been UP since Sep 11th, 2018 at 23.7723
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||22.7468||52wk Low Date||2018-09-07|