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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.

BATS_ROMO
Open High Low ROMO Price Change
24.61 24.68 24.55 24.67 +0.06
Entry Signal

MarketClub’s Trade Triangles for ROMO

long term down The long-term trend has been DOWN since Jan 24th, 2022 at 27.5700

intermediate term down The intermediate-term trend has been DOWN since Aug 19th, 2022 at 25.7200

short term down 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).

-90
Smart Scan Analysis for ROMO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
24.61 24.68 24.55 24.67 +0.06
Prev. Close Volume Bid Ask Time
24.67 38003 2022-09-23 15:59:57
52wk High30.6152wk High Date2021-12-28
52wk Low23.7352wk Low Date2022-05-13
Average Volume5,507
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