Stock Trend Analysis Report
Prepared for you on Monday, November 18, 2019.
TRACON Pharmaceuticals, Inc (NASDAQ:TCON)
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 TCON
The long term trend has been UP since Nov 8th, 2019 at 0.6100
The intermediate term trend has been UP since Nov 1st, 2019 at 0.4393
The short term trend has been DOWN since Nov 13th, 2019 at 3.1000
Smart Scan Analysis for TCON
Based on a pre-defined weighted trend formula for chart analysis, TCON scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||3.6||Year High Date||2018-01-03|
|Year Low||1.0341||Year Low Date||2018-11-28|
|52wk High||1.73||52wk High Date||2019-04-02|
|52wk Low||0.294||52wk Low Date||2019-10-14|
|Average Volume||276,966||Shares Outstanding||29,937|