Mutual Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
FIRST TRUST 582: INCOME & TREASURY PORTFOLIO SERIES 3 (NASDAQ:FINCTX)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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 FINCTX
The long term trend has been DOWN since Sep 19th, 2018 at 10.7434
The intermediate term trend has been DOWN since Sep 7th, 2018 at 10.8409
The short term trend has been DOWN since Oct 3rd, 2018 at 10.7667
Smart Scan Analysis for FINCTX
Based on a pre-defined weighted trend formula for chart analysis, FINCTX scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||11.44||52wk High Date||2017-10-17|
|52wk Low||10.57||52wk Low Date||2018-10-10|
|Year End Close||11.3508||Payment Date||2018-10-31|