Mutual Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
NEWFOUND MULTI-ASSET INCOME FUND CLASS C (NASDAQ:NFMCX)
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 NFMCX
The long term trend has been DOWN since Oct 4th, 2018 at 9.39
The intermediate term trend has been UP since Jan 24th, 2019 at 8.64
The short term trend has been DOWN since Feb 11th, 2019 at 8.69
Smart Scan Analysis for NFMCX
Based on a pre-defined weighted trend formula for chart analysis, NFMCX scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk High Date||2018-02-26|
|52wk Low||8.35||52wk Low Date||2018-12-24|
|Year End Close||8.56||Payment Date||2016-03-31|