Mutual Trend Analysis Report
Prepared for you on Sunday, July 22, 2018.
CONVERGENCE MARKET NEUTRAL FUND - INSTL CL (NASDAQ:CPMNX)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 CPMNX
The long term trend has been UP since Jul 3rd, 2017 at 10.29
The intermediate term trend has been UP since Jul 16th, 2018 at 11.14
The short term trend has been DOWN since Jul 20th, 2018 at 11.15
Smart Scan Analysis for CPMNX
Based on a pre-defined weighted trend formula for chart analysis, CPMNX scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||11.4||52wk High Date||2018-01-26|
|52wk Low||10.38||52wk Low Date||2017-08-17|
|Year End Close||10.81|