Mutual Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
THE FIRST TRUST GNMA SERIES 115 (NASDAQ:FMITSX)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 FMITSX
The long term trend has been DOWN since Aug 28th, 2015 at 5.1368
The intermediate term trend has been DOWN since Jun 28th, 2018 at 3.3714
The short term trend has been UP since Aug 10th, 2018 at 3.3196
Smart Scan Analysis for FMITSX
Based on a pre-defined weighted trend formula for chart analysis, FMITSX scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3.77||52wk High Date||2017-09-05|
|52wk Low||3.31||52wk Low Date||2018-08-01|
|Year End Close||3.5579||Yield||3.14|