Mutual Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
NUVEEN EQUITY LONG/SHORT FUND CLASS A (NASDAQ:NELAX)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Nov 20th, 2018 at 42.57
The intermediate term trend has been UP since Jun 18th, 2019 at 39.62
The short term trend has been DOWN since Jun 25th, 2019 at 39.92
Smart Scan Analysis for NELAX
Based on a pre-defined weighted trend formula for chart analysis, NELAX scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk High Date||2018-10-03|
|52wk Low||38.15||52wk Low Date||2018-12-24|
|Year End Close||39.54||Payment Date||2018-12-18|