Free Daily Analysis
Mutual Trend Analysis Report
Prepared for you on Tuesday, April 23, 2024.
ASHMORE EMERGING MARKETS LOCAL CURRENCY BOND FD CL A (NASDAQ:ELBAX)
Sidelines Mode (+55) - ELBAX is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ELBAX?
MarketClub looks at technical strength and momentum to determine if the timing is right for ELBAX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for ELBAX
The long-term trend has been UP since Dec 14th, 2023 at 6.60
The intermediate-term trend has been DOWN since Apr 1st, 2024 at 6.44
The short-term trend has been UP since Apr 4th, 2024 at 6.44
Smart Scan Analysis for ELBAX
Based on our trend formula, ELBAX is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6.24 | 6.24 | 6.24 | 6.25 | +0.01 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.24 | 0 | 6.25 | 6.51 | 2024-04-22 20:00:00 |
| 52wk High | 7.1 | 52wk High Date | 2023-07-19 |
| 52wk Low | 6.06 | 52wk Low Date | 2023-10-25 |
| Year End Close | 6.62 | Payment Date | 2022-01-21 |