Stock Trend Analysis Report
Prepared for you on Monday, February 19, 2018.
MFS MULTI-MARKET INCOME COMMON (NYSE:MMT)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 MMT
The long term trend has been DOWN since Aug 10th, 2017 at 6.1200
The intermediate term trend has been DOWN since Jan 16th, 2018 at 6.0400
The short term trend has been UP since Feb 15th, 2018 at 5.7773
Smart Scan Analysis for MMT
Based on a pre-defined weighted trend formula for chart analysis, MMT scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||6.15||Year High Date||2018-01-02|
|Year Low||5.65||Year Low Date||2018-02-06|
|52wk High||6.29||52wk High Date||2017-06-06|
|52wk Low||5.65||52wk Low Date||2018-02-06|
|Year End Close||7.28||Average Volume||247,296|
|Shares Outstanding||78,378||% Institutional||61.6|