Mutual Trend Analysis Report
Prepared for you on Tuesday, January 15, 2019.
CONVERGENCE MARKET NEUTRAL FUND - INSTITUTIONAL CLASS (NASDAQ:CPMNX)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Nov 2nd, 2018 at 11.29
The intermediate term trend has been DOWN since Nov 26th, 2018 at 11.19
The short term trend has been DOWN since Jan 3rd, 2019 at 11.21
Smart Scan Analysis for CPMNX
Based on a pre-defined weighted trend formula for chart analysis, CPMNX scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk High Date||2018-10-08|
|52wk Low||10.9||52wk Low Date||2018-02-08|
|Year End Close||11.25||Payment Date||2018-12-21|