Stock Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
Torchlight Energy Resources, Inc (NASDAQ:TRCH)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 TRCH
The long term trend has been UP since Jan 10th, 2019 at 1.03
The intermediate term trend has been UP since Jan 4th, 2019 at 0.72
The short term trend has been DOWN since Mar 21st, 2019 at 1.60
Smart Scan Analysis for TRCH
Based on a pre-defined weighted trend formula for chart analysis, TRCH scored +75 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||1.48||52wk High Date||2018-06-18|
|52wk Low||0.532||52wk Low Date||2018-12-31|
|Year End Close||2.02||Average Volume||147,714|
|Shares Outstanding||70,112||% Institutional||32.5|