Mutual Trend Analysis Report
Prepared for you on Monday, October 15, 2018.
FIRST TRUST 4293 MUNI INCOME CLOSED-END PORTF SERIES 56 (NASDAQ:FDYHWX)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 FDYHWX
The long term trend has been UP since Jun 1st, 2018 at 8.4493
The intermediate term trend has been UP since May 24th, 2018 at 8.3664
The short term trend has been UP since Jun 18th, 2018 at 8.3872
Smart Scan Analysis for FDYHWX
Based on a pre-defined weighted trend formula for chart analysis, FDYHWX scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||9.36||52wk High Date||2017-09-25|
|52wk Low||8.26||52wk Low Date||2018-04-25|
|Year End Close||8.9241||Payment Date||2018-05-25|