Mutual Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
INVESTMENT GRADE MUNICIPAL TRUST SERIES 116 (NASDAQ:VKIGPX)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 VKIGPX
The long term trend has been DOWN since Jul 14th, 2016 at 1050.11
The intermediate term trend has been DOWN since Dec 24th, 2018 at 657.83
The short term trend has been DOWN since Jun 6th, 2019 at 651.36
Smart Scan Analysis for VKIGPX
Based on a pre-defined weighted trend formula for chart analysis, VKIGPX scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk High Date||2019-05-24|
|52wk Low||448.62||52wk Low Date||2019-07-19|
|Year End Close||657.45||Yield||4.56|