Mutual Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
PROFUNDS SHORT OIL & GAS PROFUND INVESTOR CLASS (NASDAQ:SNPIX)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 SNPIX
The long term trend has been UP since Oct 22nd, 2018 at 41.92
The intermediate term trend has been DOWN since Jan 7th, 2019 at 49.24
The short term trend has been DOWN since Feb 12th, 2019 at 46.70
Smart Scan Analysis for SNPIX
Based on a pre-defined weighted trend formula for chart analysis, SNPIX scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk High Date||2018-12-24|
|52wk Low||38.32||52wk Low Date||2018-10-09|
|Year End Close||51.67|