Mutual Trend Analysis Report
Prepared for you on Sunday, November 28, 2021.
BLACKROCK GNMA PORTFOLIO - INSTITUTIONAL (NASDAQ:BGNIX)
Long-Term Downtrend (-90) - BGNIX is in a strong downtrend that is likely to continue. While BGNIX is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BGNIX?
MarketClub looks at technical strength and momentum to determine if the timing is right for BGNIX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BGNIX
The long-term trend has been DOWN since Feb 16th, 2021 at 9.49
The intermediate-term trend has been DOWN since Sep 23rd, 2021 at 9.35
The short-term trend has been DOWN since Nov 9th, 2021 at 9.32
Smart Scan Analysis for BGNIX
Based on our trend formula, BGNIX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||9.53||52wk High Date||2021-01-07|
|52wk Low||9.23||52wk Low Date||2021-11-24|
|Year End Close||9.51|