Index Trend Analysis Report
Prepared for you on Tuesday, July 25, 2017.
PROSHARES ULTRA-SHORT BLOOMBERG CRUDE OIL (PACF:SCO.IV)
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 SCO.IV
The long term trend has been UP since May 4th, 2017 at 42.4918
The intermediate term trend has been DOWN since Jul 3rd, 2017 at 42.3258
The short term trend has been DOWN since Jul 25th, 2017 at 40.3362
Smart Scan Analysis for SCO.IV
Based on a pre-defined weighted trend formula for chart analysis, SCO.IV scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||122.2839||52wk High Date||2016-08-02|
|52wk Low||31.3582||52wk Low Date||2017-02-21|