Mutual Trend Analysis Report
Prepared for you on Wednesday, June 20, 2018.
GUGGENHEIM DEFINED PORTFOLIOS SERIES 1646 ALTERNATIVE INCOME PORTFOLI (NASDAQ:CAIPIX)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 CAIPIX
The long term trend has been DOWN since Oct 23rd, 2017 at 9.5296
The intermediate term trend has been DOWN since Jan 30th, 2018 at 9.5060
The short term trend has been UP since Mar 26th, 2018 at 8.4639
Smart Scan Analysis for CAIPIX
Based on a pre-defined weighted trend formula for chart analysis, CAIPIX scored -85 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|