Mutual Trend Analysis Report
Prepared for you on Wednesday, June 20, 2018.
FT 6009: LTD DURATION FIXED INCOME ETF PORTFOLIO SERIES 15 (NASDAQ:FNGMCX)
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 FNGMCX
The long term trend has been DOWN since Nov 9th, 2017 at 9.6778
The intermediate term trend has been DOWN since Apr 20th, 2018 at 9.5563
The short term trend has been DOWN since Apr 19th, 2018 at 9.5810
Smart Scan Analysis for FNGMCX
Based on a pre-defined weighted trend formula for chart analysis, FNGMCX scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||9.78||52wk High Date||2017-08-01|
|52wk Low||9.52||52wk Low Date||2018-04-25|
|Year End Close||9.7006||Payment Date||2018-04-25|