Mutual Trend Analysis Report
Prepared for you on Wednesday, June 20, 2018.
RIVERNORTH/DOUBLELINE STRATEGIC INCOME FUND CL R (NASDAQ:RNDLX)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 Mar 27th, 2018 at 10.28
The short term trend has been DOWN since Mar 28th, 2018 at 10.27
Smart Scan Analysis for RNDLX
Based on a pre-defined weighted trend formula for chart analysis, RNDLX scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||10.7||52wk High Date||2017-08-28|
|52wk Low||10.16||52wk Low Date||2018-05-17|
|Year End Close||10.42||Payment Date||2018-05-31|