Mutual Trend Analysis Report
Prepared for you on Thursday, August 6, 2020.
INVESCO GLOBAL MARKET NEUTRAL FUND CL R6 (NASDAQ:MKNSX)
Long-Term Downtrend (-90) - MKNSX is in a strong downtrend that is likely to continue. While MKNSX 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 MKNSX?
MarketClub looks at technical strength and momentum to determine if the timing is right for MKNSX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MKNSX
The long-term trend has been DOWN since Apr 20th, 2020 at 5.75
The intermediate-term trend has been DOWN since Mar 25th, 2020 at 5.81
The short-term trend has been DOWN since Jul 6th, 2020 at 5.41
Smart Scan Analysis for MKNSX
Based on our trend formula, MKNSX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||6.03||52wk High Date||2019-08-06|
|52wk Low||5.37||52wk Low Date||2020-07-28|
|Year End Close||5.87||Payment Date||2018-12-14|