Mutual Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
WELLS FARGO GOVERNMENT MONEY MARKET FUND CL S (NASDAQ:NWGXX)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 NWGXX
The long term trend has been DOWN since May 24th, 2019 at 1.95
The intermediate term trend has been UP since Dec 31st, 2019 at 1.18
The short term trend has been DOWN since Jan 6th, 2020 at 1.20
Smart Scan Analysis for NWGXX
Based on a pre-defined weighted trend formula for chart analysis, NWGXX scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2.03||52wk High Date||2019-04-04|
|52wk Low||1.15||52wk Low Date||2019-12-26|