Mutual Trend Analysis Report
Prepared for you on Sunday, August 25, 2019.
MFS GLOBAL BOND FUND CL R1 (NASDAQ:MGBKX)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 MGBKX
The long term trend has been UP since Jan 3rd, 2019 at 8.58
The intermediate term trend has been UP since Aug 1st, 2019 at 9.09
The short term trend has been DOWN since Aug 22nd, 2019 at 9.20
Smart Scan Analysis for MGBKX
Based on a pre-defined weighted trend formula for chart analysis, MGBKX scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||9.23||52wk High Date||2019-08-15|
|52wk Low||8.38||52wk Low Date||2018-11-12|
|Year End Close||8.58|