Mutual Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
FIRST TRUST GNMA REINVESTMENT INCOME TRUST "GRIT" SERIES 80 (NASDAQ:FGNMAX)
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 FGNMAX
The long term trend has been DOWN since Aug 28th, 2015 at 5.7115
The intermediate term trend has been DOWN since Jul 9th, 2018 at 3.9117
The short term trend has been UP since Aug 3rd, 2018 at 3.8313
Smart Scan Analysis for FGNMAX
Based on a pre-defined weighted trend formula for chart analysis, FGNMAX scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||4.44||52wk High Date||2017-08-21|
|52wk Low||3.82||52wk Low Date||2018-07-31|
|Year End Close||4.159||Yield||5.16|