Stock Trend Analysis Report
Prepared for you on Wednesday, January 23, 2019.
Velocityshares 3X Long Gold ETN (NASDAQ:UGLD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 UGLD
The long term trend has been UP since Dec 7th, 2018 at 88.65
The intermediate term trend has been UP since Dec 3rd, 2018 at 85.26
The short term trend has been DOWN since Jan 18th, 2019 at 95.92
Smart Scan Analysis for UGLD
Based on a pre-defined weighted trend formula for chart analysis, UGLD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||126.9||Year High Date||2018-01-25|
|Year Low||75.701||Year Low Date||2018-08-15|
|52wk High||126.9||52wk High Date||2018-01-25|
|52wk Low||75.701||52wk Low Date||2018-08-15|