Mutual Trend Analysis Report
Prepared for you on Thursday, March 21, 2019.
GUGGENHEIM DEF 807 GNMA PORT SRS 18 (NASDAQ:CGNMQX)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CGNMQX
The long term trend has been DOWN since Apr 27th, 2016 at 8.1700
The intermediate term trend has been DOWN since May 31st, 2018 at 6.3477
The short term trend has been UP since Feb 19th, 2019 at 5.7900
Smart Scan Analysis for CGNMQX
Based on a pre-defined weighted trend formula for chart analysis, CGNMQX scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk High Date||2018-02-20|
|52wk Low||5.69||52wk Low Date||2019-03-01|
|Year End Close||5.81||Yield||3.19|