Index Trend Analysis Report
Prepared for you on Tuesday, May 23, 2017.
PROSHARES SHORT REAL ESTATE IND VALUE (PACF:REK.IV)
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 REK.IV
The long term trend has been DOWN since Jan 6th, 2017 at 17.0402
The intermediate term trend has been UP since May 3rd, 2017 at 16.8125
The short term trend has been DOWN since May 19th, 2017 at 16.9027
Smart Scan Analysis for REK.IV
Based on a pre-defined weighted trend formula for chart analysis, REK.IV scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||18.9241||52wk High Date||2016-11-10|
|52wk Low||16.2543||52wk Low Date||2016-07-29|