Mutual Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
THE FIRST TRUST GNMA REINVESTMENT INCOME TRUST (GRIT) SERIES 98 (NASDAQ:FGTMYX)
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 FGTMYX
The long term trend has been DOWN since Jan 22nd, 2016 at 5.7666
The intermediate term trend has been DOWN since Jan 18th, 2019 at 3.8000
The short term trend has been DOWN since Jan 10th, 2019 at 3.8100
Smart Scan Analysis for FGTMYX
Based on a pre-defined weighted trend formula for chart analysis, FGTMYX scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk High Date||2017-12-13|
|52wk Low||3.78||52wk Low Date||2018-11-29|
|Year End Close||3.8||Yield||5.73|