Mutual Trend Analysis Report
Prepared for you on Sunday, January 21, 2018.
FIRST TRUST 4293 MUNI INCOME CLOSED-END PORTF SERIES 56 (NASDAQ:FDYHWX)
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 FDYHWX
The long term trend has been DOWN since Oct 20th, 2017 at 9.2118
The intermediate term trend has been DOWN since Jan 12th, 2018 at 8.8561
The short term trend has been DOWN since Jan 9th, 2018 at 8.9558
Smart Scan Analysis for FDYHWX
Based on a pre-defined weighted trend formula for chart analysis, FDYHWX scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||9.46||52wk High Date||2017-08-01|
|52wk Low||8.8||52wk Low Date||2017-03-09|
|Year End Close||8.9241||Payment Date||2018-01-25|