Mutual Trend Analysis Report
Prepared for you on Thursday, May 23, 2019.
HENNESSY CORNERSTONEMID CAP 30 FD INST CL (NASDAQ:HIMDX)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 HIMDX
The long term trend has been DOWN since Aug 13th, 2018 at 19.51
The intermediate term trend has been DOWN since May 7th, 2019 at 12.74
The short term trend has been UP since May 16th, 2019 at 12.30
Smart Scan Analysis for HIMDX
Based on a pre-defined weighted trend formula for chart analysis, HIMDX scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk High Date||2017-11-30|
|52wk Low||10.69||52wk Low Date||2018-12-24|
|Year End Close||11.36||Payment Date||2018-12-07|