Mutual Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
MERGER FUND (THE) (NASDAQ:MERFX)
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 MERFX
The long term trend has been UP since Apr 1st, 2019 at 16.76
The intermediate term trend has been DOWN since Dec 27th, 2019 at 17.26
The short term trend has been UP since Jan 2nd, 2020 at 17.17
Smart Scan Analysis for MERFX
Based on a pre-defined weighted trend formula for chart analysis, MERFX scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||17.41||52wk High Date||2019-12-24|
|52wk Low||16.5||52wk Low Date||2019-01-28|
|Year End Close||17.17||Payment Date||2019-12-27|