Mutual Trend Analysis Report
Prepared for you on Tuesday, September 22, 2020.
ENERGY PORTFOLIO 2020-2 (INVESCO UNIT TRUSTS SERIES 2053) (NASDAQ:IENGBX)
Strong Downtrend (-100) - IENGBX is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid IENGBX?
MarketClub looks at technical strength and momentum to determine if the timing is right for IENGBX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IENGBX
The long-term trend has been DOWN since Jul 9th, 2020 at 9.78
The intermediate-term trend has been DOWN since Aug 21st, 2020 at 10.16
The short-term trend has been DOWN since Sep 21st, 2020 at 9.31
Smart Scan Analysis for IENGBX
Based on our trend formula, IENGBX is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||12.89||52wk High Date||2020-06-08|
|52wk Low||8.94||52wk Low Date||2020-09-21|
|Year End Close||9.78|