Mutual Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
MFS EMERGING MARKETS DEBT LOCAL CURRENCY CL A (NASDAQ:EMLAX)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 EMLAX
The long term trend has been UP since Jan 2nd, 2018 at 7.23
The intermediate term trend has been DOWN since Apr 20th, 2018 at 7.35
The short term trend has been DOWN since Apr 19th, 2018 at 7.39
Smart Scan Analysis for EMLAX
Based on a pre-defined weighted trend formula for chart analysis, EMLAX scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||7.52||52wk High Date||2018-02-01|
|52wk Low||6.76||52wk Low Date||2018-05-18|
|Year End Close||7.2|