Stock Trend Analysis Report
Prepared for you on Thursday, April 18, 2019.
First Asset Canadian REIT ETF (TSE:RIT)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 RIT
The long term trend has been UP since Jan 18th, 2019 at 16.71
The intermediate term trend has been DOWN since Apr 16th, 2019 at 17.72
The short term trend has been DOWN since Apr 15th, 2019 at 17.83
Smart Scan Analysis for RIT
Based on a pre-defined weighted trend formula for chart analysis, RIT scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||17.16||Year High Date||2018-08-20|
|Year Low||15.26||Year Low Date||2018-02-09|
|52wk High||17.16||52wk High Date||2018-08-20|
|52wk Low||15.26||52wk Low Date||2018-02-09|