Mutual Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
GUGGENHEIM DEFINED PORTFOLIOS SERIES 1646 ALTERNATIVE INCOME PORTFOLI (NASDAQ:CAIPIX)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 CAIPIX
The long term trend has been UP since Jun 1st, 2018 at 9.3648
The intermediate term trend has been UP since Apr 11th, 2018 at 8.7376
The short term trend has been DOWN since Aug 23rd, 2018 at 9.7198
Smart Scan Analysis for CAIPIX
Based on a pre-defined weighted trend formula for chart analysis, CAIPIX scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||9.99||52wk High Date||2017-10-05|
|52wk Low||8.46||52wk Low Date||2018-03-23|
|Year End Close||9.4641|