Stock Trend Analysis Report
Prepared for you on Monday, May 1, 2017.
RITCHIE BROS AUCTIONEERS (TSE:RBA)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 RBA
The long term trend has been DOWN since Jan 4th, 2017 at 45.470
The intermediate term trend has been UP since Apr 26th, 2017 at 44.180
The short term trend has been UP since Apr 18th, 2017 at 41.105
Smart Scan Analysis for RBA
Based on a pre-defined weighted trend formula for chart analysis, RBA scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||46.58||Year High Date||2017-01-03|
|Year Low||39.3||Year Low Date||2017-04-10|
|52wk High||52.88||52wk High Date||2016-12-08|
|52wk Low||34.8||52wk Low Date||2016-08-18|
|Year End Close||20.75||Average Volume||153,645|