Mutual Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
INVESCO GLOBAL MARKET NEUTRAL FUND CL Y (NASDAQ:MKNYX)
Long-Term Downtrend (-90) - MKNYX is in a strong downtrend that is likely to continue. While MKNYX 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 MKNYX?
MarketClub looks at technical strength and momentum to determine if the timing is right for MKNYX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MKNYX
The long-term trend has been DOWN since Apr 20th, 2020 at 5.74
The intermediate-term trend has been DOWN since Mar 25th, 2020 at 5.80
The short-term trend has been DOWN since Apr 30th, 2020 at 5.75
Smart Scan Analysis for MKNYX
Based on our trend formula, MKNYX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||6.16||52wk High Date||2019-06-24|
|52wk Low||5.42||52wk Low Date||2020-05-26|
|Year End Close||5.85||Payment Date||2018-12-14|