Mutual Trend Analysis Report
Prepared for you on Monday, June 25, 2018.
MFS GLOBAL NEW DISCOVERY FUND CL A (NASDAQ:GLNAX)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management 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 GLNAX
The long term trend has been UP since Feb 1st, 2017 at 15.96
The intermediate term trend has been UP since Apr 16th, 2018 at 20.14
The short term trend has been DOWN since Apr 20th, 2018 at 20.29
Smart Scan Analysis for GLNAX
Based on a pre-defined weighted trend formula for chart analysis, GLNAX scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||21.1||52wk High Date||2018-06-12|
|52wk Low||17.58||52wk Low Date||2017-07-06|
|Year End Close||19.48||Payment Date||2017-12-12|