Mutual Trend Analysis Report
Prepared for you on Monday, April 24, 2017.
ICON NATURAL RESOURCES FUND - CL S (NASDAQ:ICBMX)
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 ICBMX
The long term trend has been UP since Nov 10th, 2016 at 13.08
The intermediate term trend has been DOWN since Mar 6th, 2017 at 14.33
The short term trend has been DOWN since Mar 21st, 2017 at 14.23
Smart Scan Analysis for ICBMX
Based on a pre-defined weighted trend formula for chart analysis, ICBMX scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||14.62||52wk High Date||2017-02-14|
|52wk Low||11.79||52wk Low Date||2016-06-27|
|Year End Close||13.85||Payment Date||2016-12-21|