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Mutual Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
VIRTUS NEWFLEET HIGH YIELD FUND R6 (NASDAQ:VRHYX)
Bear Market Rally (-75) - VRHYX is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on VRHYX as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid VRHYX?
MarketClub looks at technical strength and momentum to determine if the timing is right for VRHYX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for VRHYX
The long-term trend has been DOWN since Apr 12th, 2024 at 3.76
The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 3.80
The short-term trend has been UP since Apr 22nd, 2024 at 3.72
Smart Scan Analysis for VRHYX
Based on our trend formula, VRHYX is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.73 | 3.73 | 3.73 | 3.74 | +0.01 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.73 | 0 | 3.74 | 3.74 | 2024-04-23 20:00:00 |
| 52wk High | 3.81 | 52wk High Date | 2023-12-27 |
| 52wk Low | 3.56 | 52wk Low Date | 2023-10-20 |
| Year End Close | 3.8 | Yield | 7.8334 |