Stock Trend Analysis Report
Prepared for you on Monday, June 5, 2023.
MAJIC WHEELS CORP (NASDAQ:MJWL)
Countertrend Down (-85) - MJWL is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid MJWL?
MarketClub looks at technical strength and momentum to determine if the timing is right for MJWL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MJWL
The long-term trend has been DOWN since Feb 14th, 2023 at 0.0041
The intermediate-term trend has been DOWN since Apr 5th, 2023 at 0.0055
The short-term trend has been UP since May 24th, 2023 at 0.0014
Smart Scan Analysis for MJWL
Based on our trend formula, MJWL is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||0.0006||Year High Date||2018-02-26|
|Year Low||0.000001||Year Low Date||2018-02-08|
|52wk High||0.027||52wk High Date||2022-11-16|
|52wk Low||0.001||52wk Low Date||2023-05-17|
|Average Volume||517,786||Shares Outstanding||651,992|