Mutual Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
MERK HARD CURRENCY INVESTOR SHARES (NASDAQ:MERKX)
Long-Term Downtrend (-90) - MERKX is in a strong downtrend that is likely to continue. While MERKX is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid MERKX?
MarketClub looks at technical strength and momentum to determine if the timing is right for MERKX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MERKX
The long-term trend has been DOWN since Feb 7th, 2020 at 8.95
The intermediate-term trend has been DOWN since Mar 12th, 2020 at 8.89
The short-term trend has been DOWN since Apr 1st, 2020 at 8.50
Smart Scan Analysis for MERKX
Based on our trend formula, MERKX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||9.25||52wk High Date||2019-12-31|
|52wk Low||8.06||52wk Low Date||2020-03-20|
|Year End Close||9.25||Payment Date||2018-06-29|