Stock Trend Analysis Report
Prepared for you on Tuesday, July 17, 2018.
ZARGON OIL & GAS LTD (TSE:ZAR)
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 ZAR
The long term trend has been UP since May 10th, 2018 at 0.540
The intermediate term trend has been DOWN since May 28th, 2018 at 0.475
The short term trend has been UP since Jul 11th, 2018 at 0.460
Smart Scan Analysis for ZAR
Based on a pre-defined weighted trend formula for chart analysis, ZAR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||0.55||Year High Date||2018-01-16|
|Year Low||0.36||Year Low Date||2018-04-02|
|52wk High||0.55||52wk High Date||2017-07-31|
|52wk Low||0.335||52wk Low Date||2017-11-27|
|Year End Close||8.38||Average Volume||25,018|