Index Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
PROSHARES ULTRAPRO 3X CRUDE OIL ETF [NAV] (PACF:OILU.NV)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Nov 2nd, 2018 at 44.5397
The intermediate term trend has been DOWN since Oct 18th, 2018 at 57.7644
The short term trend has been DOWN since Nov 21st, 2018 at 28.8478
Smart Scan Analysis for OILU.NV
Based on a pre-defined weighted trend formula for chart analysis, OILU.NV scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||73.7364||52wk High Date||2018-10-04|
|52wk Low||19.5446||52wk Low Date||2018-11-29|