Mutual Trend Analysis Report
Prepared for you on Sunday, February 18, 2018.
FIRST TRUST 3964 CORPORATE HIGH INCOME PORTF SERIES 7 (NASDAQ:FNDSHX)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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 FNDSHX
The long term trend has been DOWN since Dec 27th, 2016 at 812.830017
The intermediate term trend has been DOWN since Dec 19th, 2017 at 773.130005
The short term trend has been DOWN since Feb 12th, 2018 at 769.250000
Smart Scan Analysis for FNDSHX
Based on a pre-defined weighted trend formula for chart analysis, FNDSHX scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||789.88||52wk High Date||2017-02-24|
|52wk Low||765.679993||52wk Low Date||2018-02-14|
|Year End Close||771.380005||Yield||5.14|