Index Trend Analysis Report
Prepared for you on Monday, December 11, 2017.
NYSE ARCA TELECOM INDEX (PACF:PHN)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 PHN
The long term trend has been UP since Nov 3rd, 2017 at 25.4085
The intermediate term trend has been DOWN since Dec 11th, 2017 at 26.8492
The short term trend has been DOWN since Dec 1st, 2017 at 27.4170
Smart Scan Analysis for PHN
Based on a pre-defined weighted trend formula for chart analysis, PHN scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||28.8799||52wk High Date||2016-12-13|
|52wk Low||23.1984||52wk Low Date||2017-10-31|