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Mutual Trend Analysis Report
Prepared for you on Monday, May 6, 2024.
ALLSPRING CALIFORNIA TAX FREE FUND CLASS A (NASDAQ:SCTAX)
Sidelines Mode (-55) - SCTAX 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 SCTAX?
MarketClub looks at technical strength and momentum to determine if the timing is right for SCTAX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SCTAX
The long-term trend has been DOWN since Apr 2nd, 2024 at 10.58
The intermediate-term trend has been DOWN since Mar 26th, 2024 at 10.63
The short-term trend has been UP since May 2nd, 2024 at 10.48
Smart Scan Analysis for SCTAX
Based on our trend formula, SCTAX is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 10.52 | 10.52 | 10.52 | 10.54 | +0.02 |
| Prev. Close | Volume | Bid | Ask | Time |
| 10.52 | 0 | 10.54 | 11.04 | 2024-05-06 18:11:46 |
| 52wk High | 10.71 | 52wk High Date | 2024-02-01 |
| 52wk Low | 9.82 | 52wk Low Date | 2023-10-30 |
| Year End Close | 10.7 |