Mutual Trend Analysis Report
Prepared for you on Tuesday, January 15, 2019.
RIVERNORTH/DOUBLELINE STRATEGIC INCOME FD CL R (NASDAQ:RNDLX)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 RNDLX
The long term trend has been DOWN since Oct 25th, 2017 at 10.58
The intermediate term trend has been UP since Jan 7th, 2019 at 9.87
The short term trend has been UP since Dec 26th, 2018 at 9.72
Smart Scan Analysis for RNDLX
Based on a pre-defined weighted trend formula for chart analysis, RNDLX scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk High Date||2017-12-27|
|52wk Low||9.69||52wk Low Date||2018-12-21|
|Year End Close||9.76||Payment Date||2018-12-31|