Mutual Trend Analysis Report
Prepared for you on Friday, June 22, 2018.
GUGGENHEIM DEFINED PORTFOLIOS SERIES 1586 STRATEGIC INCOME PORTFOLIO (NASDAQ:CFSIYX)
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 CFSIYX
The long term trend has been DOWN since Nov 14th, 2017 at 9.6092
The intermediate term trend has been DOWN since Mar 19th, 2018 at 9.4411
The short term trend has been UP since Mar 26th, 2018 at 9.3031
Smart Scan Analysis for CFSIYX
Based on a pre-defined weighted trend formula for chart analysis, CFSIYX scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||10.02||52wk High Date||2017-10-11|
|52wk Low||9.3||52wk Low Date||2018-03-23|
|Year End Close||9.7585|