Mutual Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
ICON ENERGY FUND CL A (NASDAQ:ICEAX)
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 ICEAX
The long term trend has been DOWN since Feb 2nd, 2018 at 12.11
The intermediate term trend has been DOWN since Jan 29th, 2018 at 12.97
The short term trend has been DOWN since Mar 28th, 2018 at 11.21
Smart Scan Analysis for ICEAX
Based on a pre-defined weighted trend formula for chart analysis, ICEAX scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||13.5||52wk High Date||2018-05-21|
|52wk Low||10.84||52wk Low Date||2017-08-21|
|Year End Close||12.74||Payment Date||2017-12-21|