Stock Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
Covestro Ag ADR - Spon (germany) (NASDAQ:COVTY)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 COVTY
The long term trend has been DOWN since Jan 6th, 2020 at 22.66
The intermediate term trend has been DOWN since Nov 20th, 2019 at 24.02
The short term trend has been DOWN since Jan 22nd, 2020 at 22.52
Smart Scan Analysis for COVTY
Based on a pre-defined weighted trend formula for chart analysis, COVTY scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||62.08||Year High Date||2018-01-17|
|Year Low||26.63||Year Low Date||2018-11-20|
|52wk High||31.43||52wk High Date||2019-04-12|
|52wk Low||20.9||52wk Low Date||2019-08-15|