Mutual Trend Analysis Report
Prepared for you on Sunday, June 24, 2018.
FIRST TRUST 3964 CORPORATE HIGH INCOME PORTF SERIES 7 (NASDAQ:FNDSHX)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 FNDSHX
The long term trend has been DOWN since Dec 27th, 2016 at 812.830017
The intermediate term trend has been UP since May 23rd, 2018 at 731.270020
The short term trend has been DOWN since Jun 18th, 2018 at 733.179993
Smart Scan Analysis for FNDSHX
Based on a pre-defined weighted trend formula for chart analysis, FNDSHX scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||784.07||52wk High Date||2017-06-26|
|52wk Low||729.08||52wk Low Date||2018-05-01|
|Year End Close||771.380005||Yield||5.14|