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Mutual Trend Analysis Report
Prepared for you on Thursday, April 18, 2024.
MFS Emerging Markets Debt Local Currency Class A (NASDAQ:EMLAX)
Long-Term Downtrend (-90) - EMLAX is in a strong downtrend that is likely to continue. While EMLAX is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid EMLAX?
MarketClub looks at technical strength and momentum to determine if the timing is right for EMLAX.
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 EMLAX
The long-term trend has been DOWN since Apr 1st, 2024 at 5.55
The intermediate-term trend has been DOWN since Mar 28th, 2024 at 5.56
The short-term trend has been DOWN since Apr 10th, 2024 at 5.53
Smart Scan Analysis for EMLAX
Based on our trend formula, EMLAX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.31 | 5.31 | 5.31 | 5.34 | +0.03 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.31 | 0 | 5.34 | 5.58 | 2024-04-17 20:00:00 |
| 52wk High | 6.09 | 52wk High Date | 2023-07-18 |
| 52wk Low | 5.22 | 52wk Low Date | 2023-10-19 |
| Year End Close | 5.77 |