Mutual Trend Analysis Report
Prepared for you on Thursday, August 22, 2019.
WELLS FARGO GOVERNMENT SECURITIES FD INSTITUTIONAL CL (NASDAQ:SGVIX)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 SGVIX
The long term trend has been UP since Dec 19th, 2018 at 10.65
The intermediate term trend has been DOWN since Jul 16th, 2019 at 11.03
The short term trend has been DOWN since Jul 25th, 2019 at 11.05
Smart Scan Analysis for SGVIX
Based on a pre-defined weighted trend formula for chart analysis, SGVIX scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2019||52wk High Date||2019-05-24|
|52wk Low||10.43||52wk Low Date||2018-11-08|
|Year End Close||10.71||Payment Date||2016-12-12|