Mutual Trend Analysis Report
Prepared for you on Friday, November 24, 2017.
OPPENHEIMER ROCHESTER NEW JERSEY MUNI FUND CL A (NASDAQ:ONJAX)
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 ONJAX
The long term trend has been DOWN since Oct 6th, 2016 at 9.67
The intermediate term trend has been DOWN since Jun 28th, 2017 at 9.09
The short term trend has been UP since Aug 3rd, 2017 at 9.02
Smart Scan Analysis for ONJAX
Based on a pre-defined weighted trend formula for chart analysis, ONJAX scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||9.41||52wk High Date||2016-11-25|
|52wk Low||8.37||52wk Low Date||2017-11-22|
|Year End Close||9.29||Payment Date||2013-07-23|