Mutual Trend Analysis Report
Prepared for you on Friday, December 6, 2019.
Guggenheim Defined Portfolios, Series 1220 Guggenheim Short Duration High Yield Trust, Series 39 (NASDAQ:CGSYNX)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 CGSYNX
The long term trend has been DOWN since Jan 11th, 2017 at 939.599976
The intermediate term trend has been DOWN since Oct 2nd, 2019 at 249.810000
The short term trend has been DOWN since Nov 14th, 2019 at 245.120000
Smart Scan Analysis for CGSYNX
Based on a pre-defined weighted trend formula for chart analysis, CGSYNX scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||367.91||52wk High Date||2019-02-06|
|52wk Low||242.76||52wk Low Date||2019-11-14|
|Year End Close||362.04||Yield||6.23|