Mutual Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
INVESCO GLOBAL MARKET NEUTRAL FUND CL A (NASDAQ:MKNAX)
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 MKNAX
The long term trend has been DOWN since Jun 22nd, 2018 at 9.03
The intermediate term trend has been DOWN since Aug 30th, 2018 at 9.09
The short term trend has been DOWN since Aug 24th, 2018 at 9.14
Smart Scan Analysis for MKNAX
Based on a pre-defined weighted trend formula for chart analysis, MKNAX scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||10.15||52wk High Date||2017-10-26|
|52wk Low||8.98||52wk Low Date||2018-07-20|
|Year End Close||9.21|