Mutual Trend Analysis Report
Prepared for you on Saturday, June 23, 2018.
FRANKLIN MICHIGAN TAX-FREE INCOME FUND CL ADV (NASDAQ:FMTFX)
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 FMTFX
The long term trend has been DOWN since Nov 22nd, 2017 at 11.46
The intermediate term trend has been DOWN since Jan 22nd, 2018 at 11.46
The short term trend has been UP since Mar 22nd, 2018 at 11.28
Smart Scan Analysis for FMTFX
Based on a pre-defined weighted trend formula for chart analysis, FMTFX scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||11.59||52wk High Date||2017-09-08|
|52wk Low||11.2||52wk Low Date||2018-04-25|
|Year End Close||11.51||Payment Date||2018-05-31|