Mutual Trend Analysis Report
Prepared for you on Tuesday, November 20, 2018.
GUGGENHEIM DEFINED PORTFOLIOS SERIES 1596 FLOATING RATE & DIVIDEND GROUP (NASDAQ:CFRDNX)
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 CFRDNX
The long term trend has been DOWN since Oct 11th, 2018 at 9.8283
The intermediate term trend has been DOWN since Oct 5th, 2018 at 10.1393
The short term trend has been UP since Nov 16th, 2018 at 9.7563
Smart Scan Analysis for CFRDNX
Based on a pre-defined weighted trend formula for chart analysis, CFRDNX scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||10.3||52wk High Date||2018-01-26|
|52wk Low||9.6||52wk Low Date||2018-10-26|
|Year End Close||9.9751|