Stock Trend Analysis Report
Prepared for you on Thursday, August 22, 2019.
RigNet, Inc (NASDAQ:RNET)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 RNET
The long term trend has been DOWN since Aug 7th, 2019 at 7.22
The intermediate term trend has been DOWN since Jul 18th, 2019 at 8.52
The short term trend has been UP since Aug 19th, 2019 at 7.68
Smart Scan Analysis for RNET
Based on a pre-defined weighted trend formula for chart analysis, RNET scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||24.05||Year High Date||2018-09-12|
|Year Low||10.025||Year Low Date||2018-07-02|
|52wk High||24.05||52wk High Date||2018-09-12|
|52wk Low||7.22||52wk Low Date||2019-05-23|
|Year End Close||20.43||Average Volume||76,214|
|Shares Outstanding||19,711||Short Interest||218,145|
|% Institutional||88.6||Market Cap||163M|