Mutual Trend Analysis Report
Prepared for you on Saturday, October 24, 2020.
PIMCO EMERGING MARKETS LOCAL CURRENCY AND BOND FUND CLASS A (NASDAQ:PELAX)
Sidelines Mode (-55) - PELAX is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid PELAX?
MarketClub looks at technical strength and momentum to determine if the timing is right for PELAX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PELAX
The long-term trend has been DOWN since Sep 28th, 2020 at 6.36
The intermediate-term trend has been DOWN since Sep 22nd, 2020 at 6.50
The short-term trend has been UP since Oct 20th, 2020 at 6.45
Smart Scan Analysis for PELAX
Based on our trend formula, PELAX is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||7.22||52wk High Date||2020-01-02|
|52wk Low||5.37||52wk Low Date||2020-03-23|
|Year End Close||7.21|