Mutual Trend Analysis Report
Prepared for you on Friday, November 17, 2017.
CHESTNUT STREET EXCHANGE FUND (NASDAQ:CHNTX)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 CHNTX
The long term trend has been UP since Nov 14th, 2016 at 569.05
The intermediate term trend has been DOWN since Aug 10th, 2017 at 614.39
The short term trend has been UP since Aug 21st, 2017 at 606.10
Smart Scan Analysis for CHNTX
Based on a pre-defined weighted trend formula for chart analysis, CHNTX scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||650.73||52wk High Date||2017-10-27|
|52wk Low||569.2||52wk Low Date||2016-11-18|
|Year End Close||583.71||Payment Date||2017-10-02|