Mutual Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
FIRST TRUST 3964 CORPORATE HIGH INCOME PORTF SERIES 7 (NASDAQ:FNDSHX)
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 FNDSHX
The long term trend has been DOWN since Dec 27th, 2016 at 812.830017
The intermediate term trend has been DOWN since Aug 9th, 2018 at 708.940002
The short term trend has been UP since Nov 28th, 2018 at 638.260032
Smart Scan Analysis for FNDSHX
Based on a pre-defined weighted trend formula for chart analysis, FNDSHX scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||774.08||52wk High Date||2017-12-14|
|52wk Low||637.61||52wk Low Date||2018-11-20|
|Year End Close||771.380032||Yield||5.14|