Mutual Trend Analysis Report
Prepared for you on Tuesday, July 17, 2018.
THE FIRST TRUST COMBINED SERIES 491: TAX EXEMPT MUNI INCOME TRUST (NASDAQ:FDEYLX)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines 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 FDEYLX
The long term trend has been DOWN since Nov 17th, 2017 at 1152.560059
The intermediate term trend has been DOWN since Jun 26th, 2018 at 1112.479980
The short term trend has been UP since Jun 27th, 2018 at 1112.560059
Smart Scan Analysis for FDEYLX
Based on a pre-defined weighted trend formula for chart analysis, FDEYLX scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1171.72||52wk High Date||2017-09-07|
|52wk Low||1104.85||52wk Low Date||2018-04-25|
|Year End Close||1147.869995||Payment Date||2018-07-25|