Stock Trend Analysis Report
Prepared for you on Thursday, December 13, 2018.
Proshares Ultra Russell 2000 (PACF:UWM)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 UWM
The long term trend has been DOWN since Oct 5th, 2018 at 78.43
The intermediate term trend has been DOWN since Sep 17th, 2018 at 85.12
The short term trend has been UP since Dec 12th, 2018 at 62.33
Smart Scan Analysis for UWM
Based on a pre-defined weighted trend formula for chart analysis, UWM scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||89.24||Year High Date||2018-08-31|
|Year Low||61.291||Year Low Date||2018-02-09|
|52wk High||89.24||52wk High Date||2018-08-31|
|52wk Low||61.291||52wk Low Date||2018-02-09|
|Year End Close||45.52||Average Volume||257,117|