Mutual Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
FT 6366: COVERED CALL SELECT CLOSED-END PORTFOLIO SERIES 57 (NASDAQ:FQMCPX)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 FQMCPX
The long term trend has been DOWN since Oct 5th, 2018 at 10.5480
The intermediate term trend has been DOWN since Oct 4th, 2018 at 10.5966
The short term trend has been UP since Oct 16th, 2018 at 9.9541
Smart Scan Analysis for FQMCPX
Based on a pre-defined weighted trend formula for chart analysis, FQMCPX scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||11.22||52wk High Date||2018-01-26|
|52wk Low||9.79||52wk Low Date||2018-10-11|
|Year End Close||10.8975||Payment Date||2018-10-25|