Stock Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 FAAR
The long term trend has been DOWN since Oct 11th, 2018 at 28.25
The intermediate term trend has been UP since Jan 28th, 2019 at 26.55
The short term trend has been UP since Feb 19th, 2019 at 26.77
Smart Scan Analysis for FAAR
Based on a pre-defined weighted trend formula for chart analysis, FAAR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||31.4999||Year High Date||2018-10-02|
|Year Low||26.6212||Year Low Date||2018-11-29|
|52wk High||31.4999||52wk High Date||2018-10-02|
|52wk Low||26.33||52wk Low Date||2019-01-09|
|Average Volume||16,804||Shares Outstanding||100|