Index Trend Analysis Report
Prepared for you on Monday, August 20, 2018.
PROSHARES ULTRA EURO IND VALUE (PACF:ULE.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 ULE.IV
The long term trend has been DOWN since May 1st, 2018 at 17.2902
The intermediate term trend has been DOWN since Aug 2nd, 2018 at 15.7548
The short term trend has been UP since Aug 17th, 2018 at 15.2211
Smart Scan Analysis for ULE.IV
Based on a pre-defined weighted trend formula for chart analysis, ULE.IV scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||18.9396||52wk High Date||2018-01-25|
|52wk Low||14.94||52wk Low Date||2018-08-15|