Mutual Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
MFS GLOBAL BOND FUND CL R2 (NASDAQ:MGBLX)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 MGBLX
The long term trend has been DOWN since Apr 23rd, 2018 at 8.92
The intermediate term trend has been DOWN since Jul 23rd, 2018 at 8.66
The short term trend has been DOWN since Nov 26th, 2018 at 8.40
Smart Scan Analysis for MGBLX
Based on a pre-defined weighted trend formula for chart analysis, MGBLX scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||9.08||52wk High Date||2018-01-24|
|52wk Low||8.37||52wk Low Date||2018-11-27|
|Year End Close||8.95|