Index Trend Analysis Report
Prepared for you on Saturday, June 23, 2018.
NYSE ARCA TELECOM INDEX (PACF:PHN)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 DOWN since Mar 21st, 2018 at 26.1350
The intermediate term trend has been UP since May 14th, 2018 at 25.5510
The short term trend has been DOWN since Jun 13th, 2018 at 26.2924
Smart Scan Analysis for PHN
Based on a pre-defined weighted trend formula for chart analysis, PHN scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||28.8006||52wk High Date||2018-02-27|
|52wk Low||23.1984||52wk Low Date||2017-10-31|