Stock Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
Martinas Biopharma Holdings, Inc (AMEX:MTNB)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management 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 MTNB
The long term trend has been DOWN since May 13th, 2019 at 0.9374
The intermediate term trend has been DOWN since Jul 17th, 2019 at 0.7800
The short term trend has been UP since Aug 16th, 2019 at 0.7480
Smart Scan Analysis for MTNB
Based on a pre-defined weighted trend formula for chart analysis, MTNB scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||1.48||Year High Date||2018-10-01|
|Year Low||0.3237||Year Low Date||2018-06-28|
|52wk High||1.5||52wk High Date||2019-03-01|
|52wk Low||0.3237||52wk Low Date||2018-06-28|
|Average Volume||1,082,512||Shares Outstanding||142,991|