Index Trend Analysis Report
Prepared for you on Wednesday, November 25, 2020.
Magellan Global Equities Fund (Hedged) (GIF:MHG-AU)
Bull Market Weakness (+75) - MHG-AU is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MHG-AU as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MHG-AU?
MarketClub looks at technical strength and momentum to determine if the timing is right for MHG-AU.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MHG-AU
The long-term trend has been UP since Dec 29th, 2019 at 3.5941
The intermediate-term trend has been UP since Nov 8th, 2020 at 3.6920
The short-term trend has been UP since Nov 24th, 2020 at 3.6265
Smart Scan Analysis for MHG-AU
Based on our trend formula, MHG-AU is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).