Index Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
PROSHARES ULTRAPRO NASDAQ BIOTECH (PACF:UBIO.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 UBIO.IV
The long term trend has been DOWN since Oct 11th, 2018 at 32.3009
The intermediate term trend has been DOWN since Oct 5th, 2018 at 38.1937
The short term trend has been UP since Oct 16th, 2018 at 33.7213
Smart Scan Analysis for UBIO.IV
Based on a pre-defined weighted trend formula for chart analysis, UBIO.IV scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||46.2873||52wk High Date||2018-01-29|
|52wk Low||25.8594||52wk Low Date||2018-05-03|