Stock Trend Analysis Report
Prepared for you on Sunday, March 24, 2019.
Bonanza Creek Energy, Inc (NYSE:BCEI)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 BCEI
The long term trend has been DOWN since Sep 4th, 2018 at 30.75
The intermediate term trend has been DOWN since Mar 8th, 2019 at 21.17
The short term trend has been UP since Mar 19th, 2019 at 22.10
Smart Scan Analysis for BCEI
Based on a pre-defined weighted trend formula for chart analysis, BCEI scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||40.38||Year High Date||2018-08-07|
|Year Low||23.66||Year Low Date||2018-02-09|
|52wk High||40.38||52wk High Date||2018-08-07|
|52wk Low||18.41||52wk Low Date||2018-12-26|
|Year End Close||27.79||Average Volume||192,365|
|Shares Outstanding||20,544||Short Interest||2,711,725|
|% Institutional||93.1||Market Cap||502M|