Mutual Trend Analysis Report
Prepared for you on Friday, July 3, 2020.
PUTNAM MULTI-ASSET ABSOLUTE RETURN FUND CLASS R (NASDAQ:PDMRX)
Sidelines Mode (+50) - PDMRX is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until PDMRX can gain momentum.
Is it time to buy, sell, or avoid PDMRX?
MarketClub looks at technical strength and momentum to determine if the timing is right for PDMRX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PDMRX
The long-term trend has been DOWN since Nov 4th, 2019 at 11.19
The intermediate-term trend has been UP since Jun 5th, 2020 at 10.31
The short-term trend has been UP since Jun 26th, 2020 at 10.30
Smart Scan Analysis for PDMRX
Based on our trend formula, PDMRX is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||11.6||52wk High Date||2019-09-04|
|52wk Low||10.12||52wk Low Date||2020-03-24|
|Year End Close||11.09||Payment Date||2018-12-20|