Stock Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
ProShares UltraShort Bloomberg Crude Oil (PACF:SCO)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 SCO
The long term trend has been DOWN since Mar 13th, 2019 at 18.270
The intermediate term trend has been UP since May 2nd, 2019 at 15.490
The short term trend has been UP since May 22nd, 2019 at 15.305
Smart Scan Analysis for SCO
Based on a pre-defined weighted trend formula for chart analysis, SCO scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||26.82||Year High Date||2018-11-28|
|Year Low||12.2938||Year Low Date||2018-10-03|
|52wk High||33.2||52wk High Date||2018-12-26|
|52wk Low||12.2938||52wk Low Date||2018-10-03|
|Year End Close||40.4398||Average Volume||2,051,065|