Mutual Trend Analysis Report
Prepared for you on Saturday, April 21, 2018.
MAINGATE MLP FUND CL I (NASDAQ:IMLPX)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines 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 IMLPX
The long term trend has been DOWN since Mar 8th, 2018 at 8.14
The intermediate term trend has been UP since Apr 16th, 2018 at 7.92
The short term trend has been DOWN since Apr 20th, 2018 at 8.18
Smart Scan Analysis for IMLPX
Based on a pre-defined weighted trend formula for chart analysis, IMLPX scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||10.3||52wk High Date||2017-04-24|
|52wk Low||7.52||52wk Low Date||2018-03-28|
|Year End Close||9.03||Payment Date||2018-01-26|