Stock Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
RITCHIE BROS AUCTIONEERS (TSE:RBA)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 RBA
The long term trend has been UP since Jan 8th, 2018 at 39.57
The intermediate term trend has been DOWN since May 11th, 2018 at 41.22
The short term trend has been UP since May 22nd, 2018 at 42.60
Smart Scan Analysis for RBA
Based on a pre-defined weighted trend formula for chart analysis, RBA scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||44.74||Year High Date||2018-02-27|
|Year Low||37.08||Year Low Date||2018-01-02|
|52wk High||44.74||52wk High Date||2018-02-27|
|52wk Low||30.63||52wk Low Date||2017-11-13|
|Year End Close||20.75||Average Volume||85,976|