Index Trend Analysis Report
Prepared for you on Thursday, October 19, 2017.
NYSE ARCA TELECOM INDEX (PACF:PHN)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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 PHN
The long term trend has been DOWN since Jan 23rd, 2017 at 26.4651
The intermediate term trend has been DOWN since Oct 12th, 2017 at 24.4632
The short term trend has been DOWN since Oct 12th, 2017 at 24.7811
Smart Scan Analysis for PHN
Based on a pre-defined weighted trend formula for chart analysis, PHN scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||28.8799||52wk High Date||2016-12-13|
|52wk Low||23.4414||52wk Low Date||2017-09-08|