Mutual Trend Analysis Report
Prepared for you on Monday, October 15, 2018.
INVESCO S&P 500 INDEX FUND CL C (NASDAQ:SPICX)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 SPICX
The long term trend has been UP since Nov 17th, 2016 at 22.96
The intermediate term trend has been UP since Jul 9th, 2018 at 29.13
The short term trend has been DOWN since Sep 24th, 2018 at 30.74
Smart Scan Analysis for SPICX
Based on a pre-defined weighted trend formula for chart analysis, SPICX scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||30.75||52wk High Date||2018-09-20|
|52wk Low||26.86||52wk Low Date||2017-10-16|
|Year End Close||27.93|