Mutual Trend Analysis Report
Prepared for you on Monday, November 18, 2019.
NUVEEN EQUITY LONG/SHORT FUND CLASS A (NASDAQ:NELAX)
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 NELAX
The long term trend has been UP since Jul 15th, 2019 at 40.71
The intermediate term trend has been UP since Oct 15th, 2019 at 40.47
The short term trend has been DOWN since Nov 13th, 2019 at 41.48
Smart Scan Analysis for NELAX
Based on a pre-defined weighted trend formula for chart analysis, NELAX scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||43.25||52wk High Date||2018-11-28|
|52wk Low||38.15||52wk Low Date||2018-12-24|
|Year End Close||39.54||Payment Date||2018-12-18|