Stock Trend Analysis Report
Prepared for you on Tuesday, January 18, 2022.
Mackenzie Floating Rate Income ETF (TSE:MFT)
Bull Market Weakness (+75) - MFT is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MFT as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MFT?
MarketClub looks at technical strength and momentum to determine if the timing is right for MFT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MFT
The long-term trend has been UP since Jul 27th, 2020 at 18.45
The intermediate-term trend has been DOWN since Dec 1st, 2021 at 19.24
The short-term trend has been UP since Jan 17th, 2022 at 19.27
Smart Scan Analysis for MFT
Based on our trend formula, MFT is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||21.64||Year High Date||2018-05-18|
|Year Low||21.08||Year Low Date||2018-11-28|
|52wk High||21.64||52wk High Date||2018-05-18|
|52wk Low||21.08||52wk Low Date||2018-11-28|