Mutual Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
VIRTUS GLOBAL MULTI-SECTOR INCOME FUND (NASDAQ:XVGIX)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 XVGIX
The long term trend has been DOWN since Nov 10th, 2017 at 17.11
The intermediate term trend has been UP since Sep 27th, 2018 at 14.26
The short term trend has been UP since Sep 20th, 2018 at 14.19
Smart Scan Analysis for XVGIX
Based on a pre-defined weighted trend formula for chart analysis, XVGIX scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||17.4||52wk High Date||2017-11-02|
|52wk Low||13.56||52wk Low Date||2018-10-12|
|Year End Close||17.2|