Mutual Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
THE FIRST TRUST COMBINED SERIES 397 INVESTMENT GRADE MULTI-ASSET INCOM (NASDAQ:FAMTRX)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
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 FAMTRX
The long term trend has been DOWN since Jan 19th, 2018 at 974.590027
The intermediate term trend has been UP since Dec 4th, 2018 at 914.120000
The short term trend has been UP since Jan 22nd, 2019 at 923.340000
Smart Scan Analysis for FAMTRX
Based on a pre-defined weighted trend formula for chart analysis, FAMTRX scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk High Date||2017-12-15|
|52wk Low||907.19||52wk Low Date||2018-11-02|
|Year End Close||921.28||Yield||5.1|