Mutual Trend Analysis Report
Prepared for you on Sunday, February 16, 2020.
ICON NATURAL RESOURCES FUND - CLASS A (NASDAQ:ICBAX)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 ICBAX
The long term trend has been UP since Sep 11th, 2019 at 12.34
The intermediate term trend has been DOWN since Jan 24th, 2020 at 12.72
The short term trend has been UP since Feb 5th, 2020 at 12.46
Smart Scan Analysis for ICBAX
Based on a pre-defined weighted trend formula for chart analysis, ICBAX scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||13.1||52wk High Date||2019-11-08|
|52wk Low||11.43||52wk Low Date||2019-08-23|
|Year End Close||12.94||Payment Date||2019-12-20|