Mutual Trend Analysis Report
Prepared for you on Friday, August 7, 2020.
PUTNAM PANAGORA MANAGED FUTURES STRATEGY CLASS B (NASDAQ:PPFMX)
Long-Term Downtrend (-90) - PPFMX is in a strong downtrend that is likely to continue. While PPFMX is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid PPFMX?
MarketClub looks at technical strength and momentum to determine if the timing is right for PPFMX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PPFMX
The long-term trend has been DOWN since Apr 30th, 2020 at 8.46
The intermediate-term trend has been DOWN since Jul 1st, 2020 at 8.13
The short-term trend has been DOWN since Jul 30th, 2020 at 8.14
Smart Scan Analysis for PPFMX
Based on our trend formula, PPFMX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||9.98||52wk High Date||2019-09-03|
|52wk Low||7.91||52wk Low Date||2020-08-03|
|Year End Close||8.41||Payment Date||2019-12-27|