Mutual Trend Analysis Report
Prepared for you on Wednesday, April 25, 2018.
ICON NATURAL RESOURCES FUND - CL S (NASDAQ:ICBMX)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 ICBMX
The long term trend has been UP since Sep 12th, 2017 at 14.61
The intermediate term trend has been DOWN since Feb 5th, 2018 at 16.65
The short term trend has been DOWN since Mar 28th, 2018 at 15.70
Smart Scan Analysis for ICBMX
Based on a pre-defined weighted trend formula for chart analysis, ICBMX scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||17.43||52wk High Date||2018-01-29|
|52wk Low||13.84||52wk Low Date||2017-06-21|
|Year End Close||16||Payment Date||2017-12-21|