Index Trend Analysis Report
Prepared for you on Thursday, June 4, 2020.
Alerian MLP Index (CME:AMZ)
Long-Term Uptrend (+90) - AMZ is in a strong uptrend that is likely to continue. While AMZ is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid AMZ?
MarketClub looks at technical strength and momentum to determine if the timing is right for AMZ.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AMZ
The long-term trend has been UP since Dec 18th, 2018 at 284.0935
The intermediate-term trend has been UP since Apr 9th, 2020 at 107.1260
The short-term trend has been UP since Jun 2nd, 2020 at 146.3870
Smart Scan Analysis for AMZ
Based on our trend formula, AMZ is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||304.97||52wk High Date||2018-01-24|
|52wk Low||231.8686||52wk Low Date||2018-03-27|