Stock Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Mmex Resources Corp (NASDAQ:MMEX)
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 MMEX
The long term trend has been DOWN since Mar 1st, 2019 at 0.040000
The intermediate term trend has been DOWN since Jan 18th, 2019 at 0.070000
The short term trend has been DOWN since Jan 9th, 2020 at 0.000098
Smart Scan Analysis for MMEX
Based on a pre-defined weighted trend formula for chart analysis, MMEX scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||0.0084||Year High Date||2018-01-03|
|Year Low||0.0011||Year Low Date||2018-09-18|
|52wk High||0.21||52wk High Date||2019-01-14|
|52wk Low||0.000001||52wk Low Date||2019-12-31|
|Average Volume||50,382,500||Shares Outstanding||11,889,525|