Index Trend Analysis Report
Prepared for you on Thursday, February 22, 2018.
NYSE ARCA TELECOM INDEX (PACF:PHN)
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 PHN
The long term trend has been UP since Nov 3rd, 2017 at 25.4085
The intermediate term trend has been DOWN since Feb 5th, 2018 at 27.8969
The short term trend has been DOWN since Feb 20th, 2018 at 27.5110
Smart Scan Analysis for PHN
Based on a pre-defined weighted trend formula for chart analysis, PHN scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||28.6762||52wk High Date||2018-01-23|
|52wk Low||23.1984||52wk Low Date||2017-10-31|