Stock Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
Millrock Resources Inc (CDNX:MRO)
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 MRO
The long term trend has been DOWN since Aug 13th, 2018 at 0.210
The intermediate term trend has been DOWN since Jan 29th, 2019 at 0.100
The short term trend has been UP since Feb 20th, 2019 at 0.095
Smart Scan Analysis for MRO
Based on a pre-defined weighted trend formula for chart analysis, MRO scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||0.4||Year High Date||2018-06-04|
|Year Low||0.1||Year Low Date||2018-11-27|
|52wk High||0.4||52wk High Date||2018-06-04|
|52wk Low||0.1||52wk Low Date||2018-11-27|
|Year End Close||0.24||Average Volume||71,917|