Mutual Trend Analysis Report
Prepared for you on Thursday, November 26, 2020.
PUTNAM NEW YORK TAX EXEMPT INCOME FUND CLASS A (NASDAQ:PTEIX)
Bull Market Weakness (+75) - PTEIX is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on PTEIX as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid PTEIX?
MarketClub looks at technical strength and momentum to determine if the timing is right for PTEIX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PTEIX
The long-term trend has been DOWN since Oct 7th, 2020 at 8.65
The intermediate-term trend has been UP since Nov 4th, 2020 at 8.64
The short-term trend has been UP since Oct 28th, 2020 at 8.63
Smart Scan Analysis for PTEIX
Based on our trend formula, PTEIX is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||8.98||52wk High Date||2020-02-27|
|52wk Low||7.84||52wk Low Date||2020-03-20|
|Year End Close||8.73||Payment Date||2019-12-31|