Mutual Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
MFS GLOBAL BOND FUND CL R4 (NASDAQ:MGBNX)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 MGBNX
The long term trend has been DOWN since Apr 23rd, 2018 at 8.93
The intermediate term trend has been DOWN since Aug 1st, 2018 at 8.66
The short term trend has been DOWN since Sep 24th, 2018 at 8.61
Smart Scan Analysis for MGBNX
Based on a pre-defined weighted trend formula for chart analysis, MGBNX scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||9.09||52wk High Date||2018-01-25|
|52wk Low||8.46||52wk Low Date||2018-10-05|
|Year End Close||8.96|