Index Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
PROSHARES ULTRAPRO 3X CRUDE OIL ETF [NAV] (PACF:OILU.NV)
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 OILU.NV
The long term trend has been UP since Oct 1st, 2018 at 62.9138
The intermediate term trend has been DOWN since Oct 18th, 2018 at 57.7644
The short term trend has been DOWN since Oct 9th, 2018 at 67.7156
Smart Scan Analysis for OILU.NV
Based on a pre-defined weighted trend formula for chart analysis, OILU.NV scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||73.7364||52wk High Date||2018-10-04|
|52wk Low||24.7278||52wk Low Date||2017-10-23|