Mutual Trend Analysis Report
Prepared for you on Saturday, September 22, 2018.
FRANKLIN MICHIGAN TAX-FREE INCOME FUND CL ADV (NASDAQ:FMTFX)
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 FMTFX
The long term trend has been DOWN since Nov 22nd, 2017 at 11.46
The intermediate term trend has been DOWN since Jul 26th, 2018 at 11.29
The short term trend has been DOWN since Aug 28th, 2018 at 11.28
Smart Scan Analysis for FMTFX
Based on a pre-defined weighted trend formula for chart analysis, FMTFX scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||11.57||52wk High Date||2017-12-06|
|52wk Low||11.16||52wk Low Date||2018-09-19|
|Year End Close||11.51||Payment Date||2018-08-31|