Mutual Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
MLP & INCOME PORTFOLIO 2016-3 (INVESCO UNIT TRUSTS SERIES 1689) (NASDAQ:IMNIPX)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 IMNIPX
The long term trend has been DOWN since Mar 15th, 2018 at 8.1597
The intermediate term trend has been DOWN since Jun 15th, 2018 at 8.2560
The short term trend has been UP since Jul 5th, 2018 at 8.2653
Smart Scan Analysis for IMNIPX
Based on a pre-defined weighted trend formula for chart analysis, IMNIPX scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||9.72||52wk High Date||2018-01-26|
|52wk Low||7.44||52wk Low Date||2018-03-28|
|Year End Close||8.8051||Payment Date||2018-07-25|