Mutual Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
Ashmore Emerging Markets Local Currency Bond Fd Cl C (NASDAQ:ELBCX)
Sidelines Mode (-55) - ELBCX 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 ELBCX?
MarketClub looks at technical strength and momentum to determine if the timing is right for ELBCX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ELBCX
The long-term trend has been DOWN since Mar 3rd, 2021 at 7.05
The intermediate-term trend has been UP since Apr 15th, 2021 at 6.92
The short-term trend has been DOWN since Apr 30th, 2021 at 7.00
Smart Scan Analysis for ELBCX
Based on our trend formula, ELBCX is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||7.52||52wk High Date||2020-12-18|
|52wk Low||6.21||52wk Low Date||2020-05-06|
|Year End Close||7.48||Payment Date||2020-01-24|