Stock Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
MMEX RESOURCES CORP (NASDAQ:MMEX)
Weak Downtrend (-65) - MMEX is showing signs of a strengthening downtrend. Monitor MMEX as it may be building momentum to the downside.
Is it time to buy, sell, or avoid MMEX?
MarketClub looks at technical strength and momentum to determine if the timing is right for MMEX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MMEX
The long-term trend has been DOWN since May 27th, 2021 at 0.0009
The intermediate-term trend has been UP since Aug 1st, 2022 at 0.0660
The short-term trend has been DOWN since Aug 18th, 2022 at 0.0460
Smart Scan Analysis for MMEX
Based on our trend formula, MMEX is rated as a -65 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||0.899||52wk High Date||2021-09-02|
|52wk Low||0.04||52wk Low Date||2022-07-20|
|Average Volume||129,106||Shares Outstanding||42,908|