Index Trend Analysis Report
Prepared for you on Saturday, November 17, 2018.
ULTRA-SHORT BASIC MAT PROSHARES IND VALUE (PACF:SMN.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 SMN.IV
The long term trend has been UP since Oct 9th, 2018 at 27.4195
The intermediate term trend has been DOWN since Nov 6th, 2018 at 29.4554
The short term trend has been DOWN since Nov 16th, 2018 at 29.7290
Smart Scan Analysis for SMN.IV
Based on a pre-defined weighted trend formula for chart analysis, SMN.IV scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||34.8149||52wk High Date||2018-10-26|
|52wk Low||23.581||52wk Low Date||2018-01-25|