Stock Trend Analysis Report
Prepared for you on Friday, September 20, 2019.
Michaels Companies, Inc (NASDAQ:MIK)
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 MIK
The long term trend has been UP since Sep 10th, 2019 at 9.91
The intermediate term trend has been UP since Sep 4th, 2019 at 6.66
The short term trend has been DOWN since Sep 17th, 2019 at 8.75
Smart Scan Analysis for MIK
Based on a pre-defined weighted trend formula for chart analysis, MIK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||27.87||Year High Date||2018-01-29|
|Year Low||14.82||Year Low Date||2018-10-05|
|52wk High||22.15||52wk High Date||2018-06-13|
|52wk Low||9.41||52wk Low Date||2019-05-23|
|Average Volume||2,282,459||Shares Outstanding||157,773|