Mutual Trend Analysis Report
Prepared for you on Wednesday, June 20, 2018.
FIRST TRUST GNMA REINVESTMENT INCOME TRUST (GRIT) SERIES 80 (NASDAQ:FGNMAX)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 FGNMAX
The long term trend has been DOWN since Jun 26th, 2015 at 5.9138
The intermediate term trend has been UP since May 29th, 2018 at 3.9108
The short term trend has been DOWN since Jun 1st, 2018 at 3.9297
Smart Scan Analysis for FGNMAX
Based on a pre-defined weighted trend formula for chart analysis, FGNMAX scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||4.52||52wk High Date||2017-06-20|
|52wk Low||3.89||52wk Low Date||2018-05-15|
|Year End Close||4.159||Yield||5.16|