Stock Trend Analysis Report
Prepared for you on Saturday, October 16, 2021.
Mackenzie Floating Rate Income ETF (TSE:MFT)
Sidelines Mode (+55) - MFT is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 18.450
The intermediate-term trend has been UP since Aug 20th, 2021 at 19.300
The short-term trend has been DOWN since Sep 30th, 2021 at 19.315
Smart Scan Analysis for MFT
Based on our trend formula, MFT is rated as a +55 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|