Stock Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
Direxion Daily Tech Bull (PACF:TECL)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 TECL
The long term trend has been DOWN since Oct 11th, 2018 at 129.4110
The intermediate term trend has been UP since Jan 15th, 2019 at 90.6000
The short term trend has been UP since Jan 8th, 2019 at 85.5299
Smart Scan Analysis for TECL
Based on a pre-defined weighted trend formula for chart analysis, TECL scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||173.5||Year High Date||2018-10-03|
|Year Low||93.7||Year Low Date||2018-11-20|
|52wk High||173.5||52wk High Date||2018-10-03|
|52wk Low||93.7||52wk Low Date||2018-11-20|
|Year End Close||48.73||Average Volume||330,331|