Mutual Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
MFS GLOBAL NEW DISCOVERY FUND CL A (NASDAQ:GLNAX)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 Aug 24th, 2018 at 21.01
The short term trend has been DOWN since Sep 4th, 2018 at 21.27
Smart Scan Analysis for GLNAX
Based on a pre-defined weighted trend formula for chart analysis, GLNAX scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||21.32||52wk High Date||2018-08-29|
|52wk Low||18.6||52wk Low Date||2017-09-18|
|Year End Close||19.48||Payment Date||2017-12-12|