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Mutual Trend Analysis Report
Prepared for you on Thursday, April 18, 2024.
COMMONWEALTH AFRICA FUND (NASDAQ:CAFRX)
Sidelines Mode (+55) - CAFRX 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 CAFRX?
MarketClub looks at technical strength and momentum to determine if the timing is right for CAFRX.
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 CAFRX
The long-term trend has been UP since Apr 9th, 2024 at 7.17
The intermediate-term trend has been UP since Mar 4th, 2024 at 6.78
The short-term trend has been DOWN since Apr 12th, 2024 at 7.11
Smart Scan Analysis for CAFRX
Based on our trend formula, CAFRX is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.02 | 7.02 | 7.02 | 6.83 | -0.10 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.82 | 0 | 6.92 | 6.92 | 2024-04-15 20:00:00 |
| 52wk High | 7.85 | 52wk High Date | 2023-07-28 |
| 52wk Low | 6.53 | 52wk Low Date | 2023-05-31 |
| Year End Close | 7.31 | Payment Date | 2023-12-15 |