Stock Trend Analysis Report
Prepared for you on Friday, August 14, 2020.
Torchlight Energy Resources, Inc (NASDAQ:TRCH)
Crossroads (-60) - TRCH is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid TRCH?
MarketClub looks at technical strength and momentum to determine if the timing is right for TRCH.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TRCH
The long-term trend has been DOWN since Jun 7th, 2019 at 1.0200
The intermediate-term trend has been UP since Aug 13th, 2020 at 0.4190
The short-term trend has been UP since Aug 13th, 2020 at 0.3194
Smart Scan Analysis for TRCH
Based on our trend formula, TRCH is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||1.48||Year High Date||2018-06-18|
|Year Low||0.6403||Year Low Date||2018-11-27|
|52wk High||1.86||52wk High Date||2019-07-17|
|52wk Low||0.2841||52wk Low Date||2020-05-14|
|Year End Close||2.02||Average Volume||1,084,603|
|Shares Outstanding||86,216||% Institutional||32.5|