Stock Trend Analysis Report
Prepared for you on Friday, September 20, 2019.
IT Tech Packaging, Inc (AMEX:ITP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 ITP
The long term trend has been DOWN since Jul 1st, 2019 at 0.700
The intermediate term trend has been DOWN since Sep 3rd, 2019 at 0.500
The short term trend has been UP since Sep 16th, 2019 at 0.547
Smart Scan Analysis for ITP
Based on a pre-defined weighted trend formula for chart analysis, ITP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||1.83||Year High Date||2018-01-26|
|Year Low||0.63||Year Low Date||2018-11-27|
|52wk High||1.3||52wk High Date||2019-04-08|
|52wk Low||0.59||52wk Low Date||2019-01-04|
|Average Volume||8,615||Shares Outstanding||22,022|