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Mutual Trend Analysis Report
Prepared for you on Tuesday, May 14, 2024.
ASHMORE EMERGING MARKETS CORPORATE INCOME FUND - RETAIL CLASS A (NASDAQ:ECDAX)
Bull Market Weakness (+75) - ECDAX is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ECDAX as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ECDAX?
MarketClub looks at technical strength and momentum to determine if the timing is right for ECDAX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ECDAX
The long-term trend has been UP since Nov 3rd, 2023 at 5.16
The intermediate-term trend has been DOWN since Apr 5th, 2024 at 5.39
The short-term trend has been UP since Apr 23rd, 2024 at 5.32
Smart Scan Analysis for ECDAX
Based on our trend formula, ECDAX is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.35 | 5.35 | 5.35 | 5.35 | 0.00 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.35 | 0 | 5.35 | 5.57 | 2024-05-08 20:00:00 |
| 52wk High | 5.64 | 52wk High Date | 2024-03-12 |
| 52wk Low | 4.97 | 52wk Low Date | 2023-10-18 |
| Year End Close | 5.32 | Payment Date | 2021-12-31 |