Mutual Trend Analysis Report
Prepared for you on Friday, January 18, 2019.
ICON NATURAL RESOURCES FUND - CLASS C (NASDAQ:ICBCX)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 ICBCX
The long term trend has been DOWN since Oct 22nd, 2018 at 14.41
The intermediate term trend has been DOWN since Dec 10th, 2018 at 13.30
The short term trend has been DOWN since Jan 14th, 2019 at 11.01
Smart Scan Analysis for ICBCX
Based on a pre-defined weighted trend formula for chart analysis, ICBCX scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk High Date||2018-01-29|
|52wk Low||9.86||52wk Low Date||2018-12-24|
|Year End Close||10.34||Payment Date||2018-12-20|