Mutual Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
THE FIRST TRUST COMBINED SERIES 397 INVESTMENT GRADE MULTI-ASSET INCOME (NASDAQ:FAMTRX)
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 FAMTRX
The long term trend has been DOWN since Jan 19th, 2018 at 974.590027
The intermediate term trend has been DOWN since Sep 4th, 2018 at 942.859985
The short term trend has been DOWN since Nov 15th, 2018 at 913.169984
Smart Scan Analysis for FAMTRX
Based on a pre-defined weighted trend formula for chart analysis, FAMTRX scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||990.55||52wk High Date||2017-12-15|
|52wk Low||907.19||52wk Low Date||2018-11-02|
|Year End Close||985.76||Yield||5.1|