Stock Trend Analysis Report
Prepared for you on Wednesday, June 20, 2018.
TRANSALTA RENEWABLES INC (TSE:RNW)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 RNW
The long term trend has been UP since May 23rd, 2018 at 12.36
The intermediate term trend has been UP since May 10th, 2018 at 11.82
The short term trend has been DOWN since Jun 14th, 2018 at 12.87
Smart Scan Analysis for RNW
Based on a pre-defined weighted trend formula for chart analysis, RNW scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||13.5||Year High Date||2018-01-02|
|Year Low||11.38||Year Low Date||2018-04-25|
|52wk High||15.86||52wk High Date||2017-06-28|
|52wk Low||11.38||52wk Low Date||2018-04-25|