Index Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
ISE-REVERE NATURAL GAS INDEX (NASDAQ:FUM)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 FUM
The long term trend has been DOWN since Nov 20th, 2019 at 12.222
The intermediate term trend has been DOWN since Jan 13th, 2020 at 14.253
The short term trend has been DOWN since Feb 10th, 2020 at 11.643
Smart Scan Analysis for FUM
Based on a pre-defined weighted trend formula for chart analysis, FUM scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||30.42||52wk High Date||2018-01-24|
|52wk Low||21.52||52wk Low Date||2018-11-28|