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Mutual Trend Analysis Report
Prepared for you on Wednesday, August 12, 2020.
EATON VANCE GLOBAL MACRO ABSOLUTE RETURN FUND CLASS I (NASDAQ:EIGMX)
Bull Market Weakness (+75) - EIGMX is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EIGMX as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid EIGMX?
MarketClub looks at technical strength and momentum to determine if the timing is right for EIGMX.
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 EIGMX
The long-term trend has been DOWN since Mar 2nd, 2020 at 8.79
The intermediate-term trend has been UP since Jul 29th, 2020 at 8.60
The short-term trend has been UP since Aug 4th, 2020 at 8.60
Smart Scan Analysis for EIGMX
Based on our trend formula, EIGMX is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.64 | 8.64 | 8.64 | 8.64 | 0.00 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.64 | 0 | 8.64 | 8.64 | 2020-08-07 20:00:00 |
| 52wk High | 8.96 | 52wk High Date | 2019-12-24 |
| 52wk Low | 8.05 | 52wk Low Date | 2020-03-25 |
| Year End Close | 8.83 | Payment Date | 2020-05-29 |