Mutual Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
NUVEEN S&P 500 BUY-WRITE INCOME FUND (NASDAQ:XBXMX)
Bull Market Weakness (+75) - XBXMX is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on XBXMX as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid XBXMX?
MarketClub looks at technical strength and momentum to determine if the timing is right for XBXMX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XBXMX
The long-term trend has been DOWN since Feb 25th, 2020 at 13.58
The intermediate-term trend has been UP since Apr 6th, 2020 at 11.24
The short-term trend has been UP since May 15th, 2020 at 12.02
Smart Scan Analysis for XBXMX
Based on our trend formula, XBXMX is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||14.05||52wk High Date||2020-02-19|
|52wk Low||10.27||52wk Low Date||2020-03-23|
|Year End Close||13.67||Payment Date||2020-04-01|