Stock Trend Analysis Report
Prepared for you on Saturday, September 24, 2022.
Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO)
Long-Term Downtrend (-90) - ROMO is in a strong downtrend that is likely to continue. While ROMO is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ROMO?
MarketClub looks at technical strength and momentum to determine if the timing is right for ROMO.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ROMO
The long-term trend has been DOWN since Jan 24th, 2022 at 27.5700
The intermediate-term trend has been DOWN since Aug 19th, 2022 at 25.7200
The short-term trend has been DOWN since Sep 13th, 2022 at 25.1999
Smart Scan Analysis for ROMO
Based on our trend formula, ROMO is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||30.61||52wk High Date||2021-12-28|
|52wk Low||23.73||52wk Low Date||2022-05-13|