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Mutual Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

EATON VANCE GLOBAL MACRO ABSOLUTE RETURN FD CL R (NASDAQ:ERGMX)

Long-Term Uptrend (+90) - ERGMX is in a strong uptrend that is likely to continue. While ERGMX is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid ERGMX?

MarketClub looks at technical strength and momentum to determine if the timing is right for ERGMX.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_ERGMX
Open High Low ERGMX Price Change
8.45 8.45 8.45 8.43 +0.01
Entry Signal

MarketClub’s Trade Triangles for ERGMX

long term up The long-term trend has been UP since Jan 12th, 2024 at 8.28

intermediate term up The intermediate-term trend has been UP since Nov 20th, 2023 at 8.20

short term up The short-term trend has been UP since Mar 4th, 2024 at 8.35

Smart Scan Analysis for ERGMX

Based on our trend formula, ERGMX is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for ERGMX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.45 8.45 8.45 8.43 +0.01
Prev. Close Volume Bid Ask Time
8.45 0 8.46 8.46 2024-03-22 20:00:00
52wk High8.4652wk High Date2024-03-22
52wk Low8.1752wk Low Date2023-10-31
Year End Close8.25Payment Date2024-03-28
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