Mutual Trend Analysis Report
Prepared for you on Sunday, April 5, 2020.
FIDELITY MAGELLAN (NASDAQ:FMAGX)
Bear Market Rally (-75) - FMAGX is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on FMAGX as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid FMAGX?
MarketClub looks at technical strength and momentum to determine if the timing is right for FMAGX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FMAGX
The long-term trend has been DOWN since Dec 13th, 2019 at 10.56
The intermediate-term trend has been DOWN since Feb 24th, 2020 at 10.62
The short-term trend has been DOWN since Mar 31st, 2020 at 8.63
Smart Scan Analysis for FMAGX
Based on our trend formula, FMAGX is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||11.42||52wk High Date||2019-11-27|
|52wk Low||7.6||52wk Low Date||2020-03-23|
|Year End Close||10.2||P/E Ratio||1228.8|