Analyze Symbol

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.

NASDAQ_MIK
Open High Low MIK Price Change
9.0500 9.2984 8.9300 9.2600 +0.2800
Entry Signal

MarketClub’s Trade Triangles for MIK

long term up The long term trend has been UP since Sep 10th, 2019 at 9.91

intermediate term up The intermediate term trend has been UP since Sep 4th, 2019 at 6.66

short term down 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).

+85
Smart Scan Analysis for MIK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.0500 9.2984 8.9300 9.2600 +0.2800
Prev. Close Volume Bid Ask Time
9.62 4652104 2019-09-19 15:59:40
Year High27.87Year High Date2018-01-29
Year Low14.82Year Low Date2018-10-05
52wk High22.1552wk High Date2018-06-13
52wk Low9.4152wk Low Date2019-05-23
Average Volume2,282,459Shares Outstanding157,773
Market Cap1,521MAssets212,833,600M
Liabilities375,453,100MP/E Ratio5.2
Volatility30.25
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