Mutual Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
EATON VANCE GLOBAL MACRO ABSOLUTE RETURN FD CL C (NASDAQ:ECGMX)
Sidelines Mode (+55) - ECGMX 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 ECGMX?
MarketClub looks at technical strength and momentum to determine if the timing is right for ECGMX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ECGMX
The long-term trend has been DOWN since Mar 2nd, 2020 at 8.84
The intermediate-term trend has been UP since Apr 13th, 2020 at 8.28
The short-term trend has been DOWN since May 22nd, 2020 at 8.58
Smart Scan Analysis for ECGMX
Based on our trend formula, ECGMX is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||9||52wk High Date||2019-12-23|
|52wk Low||8.1||52wk Low Date||2020-03-24|
|Year End Close||8.88||Payment Date||2020-01-31|