Mutual Trend Analysis Report
Prepared for you on Tuesday, November 20, 2018.
THE GABELLI GLOBAL UTIL & INCOME TRUST (NASDAQ:XGLUX)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 XGLUX
The long term trend has been DOWN since Feb 5th, 2018 at 22.06
The intermediate term trend has been UP since Nov 7th, 2018 at 20.34
The short term trend has been DOWN since Nov 19th, 2018 at 20.21
Smart Scan Analysis for XGLUX
Based on a pre-defined weighted trend formula for chart analysis, XGLUX scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||22.91||52wk High Date||2018-01-26|
|52wk Low||19.54||52wk Low Date||2018-10-26|
|Year End Close||22.43||Payment Date||2016-12-16|