Index Trend Analysis Report
Prepared for you on Friday, May 25, 2018.
PROSHARES ULTRA EURO IND VALUE (PACF:ULE.IV)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Apr 5th, 2018 at 17.9118
The short term trend has been DOWN since May 15th, 2018 at 16.6767
Smart Scan Analysis for ULE.IV
Based on a pre-defined weighted trend formula for chart analysis, ULE.IV scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||18.9396||52wk High Date||2018-01-25|
|52wk Low||15.3155||52wk Low Date||2017-06-20|