Index Trend Analysis Report
Prepared for you on Tuesday, July 16, 2019.
NASDAQ OMX Developer/Operator (NASDAQ:GRNDO)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 GRNDO
The long term trend has been UP since Nov 9th, 2018 at 1614.79
The intermediate term trend has been UP since May 16th, 2019 at 1825.90
The short term trend has been DOWN since Jul 16th, 2019 at 1950.49
Smart Scan Analysis for GRNDO
Based on a pre-defined weighted trend formula for chart analysis, GRNDO scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1660.6||52wk High Date||2018-01-26|
|52wk Low||1511.6||52wk Low Date||2018-02-09|