Stock Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
Royal Nickel Corp (TSE:RNX)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 RNX
The long term trend has been UP since Jun 20th, 2019 at 0.600
The intermediate term trend has been UP since May 28th, 2019 at 0.415
The short term trend has been UP since Jul 10th, 2019 at 0.620
Smart Scan Analysis for RNX
Based on a pre-defined weighted trend formula for chart analysis, RNX scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||1.18||Year High Date||2018-09-24|
|Year Low||0.07||Year Low Date||2018-08-16|
|52wk High||1.18||52wk High Date||2018-09-24|
|52wk Low||0.07||52wk Low Date||2018-08-16|
|Year End Close||0.42||Average Volume||4,398,708|