Stock Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
Market Vectors Chinese Renminbi/USD ETN (PACF:CNY)
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 CNY
The long term trend has been UP since Dec 4th, 2018 at 43.8600
The intermediate term trend has been DOWN since Mar 12th, 2019 at 43.9665
The short term trend has been UP since Mar 18th, 2019 at 46.1500
Smart Scan Analysis for CNY
Based on a pre-defined weighted trend formula for chart analysis, CNY scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||49.16||Year High Date||2018-07-25|
|Year Low||39.301||Year Low Date||2018-11-23|
|52wk High||49.16||52wk High Date||2018-07-25|
|52wk Low||39.301||52wk Low Date||2018-11-23|
|Year End Close||41.62||Average Volume||7,562|