Mutual Trend Analysis Report
Prepared for you on Saturday, May 21, 2022.
BNY MELLON CORPORATE BOND FUND CLASS M SHARES (NASDAQ:BYMMX)
Long-Term Downtrend (-90) - BYMMX is in a strong downtrend that is likely to continue. While BYMMX 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 BYMMX?
MarketClub looks at technical strength and momentum to determine if the timing is right for BYMMX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BYMMX
The long-term trend has been DOWN since Oct 5th, 2021 at 13.70
The intermediate-term trend has been DOWN since Nov 15th, 2021 at 13.59
The short-term trend has been DOWN since May 17th, 2022 at 12.02
Smart Scan Analysis for BYMMX
Based on our trend formula, BYMMX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||13.89||52wk High Date||2021-08-03|
|52wk Low||11.99||52wk Low Date||2022-05-18|
|Year End Close||13.44||Payment Date||2022-03-01|