Mutual Trend Analysis Report
Prepared for you on Monday, June 17, 2019.
AMERICAN BEACON GLG TOTAL RETURN FUND - INSTITUTIONAL CLASS (NASDAQ:GLGIX)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GLGIX
The long term trend has been UP since May 17th, 2019 at 10.22
The intermediate term trend has been DOWN since Jun 4th, 2019 at 10.18
The short term trend has been UP since Jun 12th, 2019 at 10.17
Smart Scan Analysis for GLGIX
Based on a pre-defined weighted trend formula for chart analysis, GLGIX scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk High Date||2018-06-27|
|52wk Low||10.09||52wk Low Date||2019-04-10|
|Year End Close||10.34||Payment Date||2018-12-21|