Mutual Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
PUTNAM HIGH YIELD FUND CLASS R (NASDAQ:PFJAX)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 PFJAX
The long term trend has been DOWN since Feb 8th, 2018 at 5.86
The intermediate term trend has been UP since Jan 8th, 2019 at 5.53
The short term trend has been UP since Dec 28th, 2018 at 5.38
Smart Scan Analysis for PFJAX
Based on a pre-defined weighted trend formula for chart analysis, PFJAX scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk High Date||2018-01-08|
|52wk Low||5.37||52wk Low Date||2018-12-26|
|Year End Close||5.4||Payment Date||2018-12-26|