Stock Trend Analysis Report
Prepared for you on Friday, December 6, 2019.
Neovasc Inc (TSE:NVCN)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
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 NVCN
The long term trend has been UP since May 23rd, 2019 at 0.99
The intermediate term trend has been DOWN since Nov 11th, 2019 at 4.35
The short term trend has been DOWN since Dec 5th, 2019 at 3.92
Smart Scan Analysis for NVCN
Based on a pre-defined weighted trend formula for chart analysis, NVCN scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||98||Year High Date||2018-01-23|
|Year Low||1||Year Low Date||2018-11-29|
|52wk High||107||52wk High Date||2017-12-11|
|52wk Low||1||52wk Low Date||2018-11-29|