Mutual Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
FIRST TRUST GNMA REINVESTMENT INCOME TRUST (GRIT) SERIES 80 (NASDAQ:FGNMAX)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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 FGNMAX
The long term trend has been DOWN since Jan 28th, 2016 at 5.4314
The intermediate term trend has been DOWN since Jul 12th, 2018 at 3.9100
The short term trend has been DOWN since Jan 8th, 2019 at 3.5900
Smart Scan Analysis for FGNMAX
Based on a pre-defined weighted trend formula for chart analysis, FGNMAX scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk High Date||2017-12-01|
|52wk Low||3.57||52wk Low Date||2019-01-10|
|Year End Close||3.58||Yield||5.16|