Mutual Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
THE FIRST TRUST GNMA SERIES 101 (NASDAQ:FTGMKX)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 FTGMKX
The long term trend has been DOWN since Dec 2nd, 2015 at 1.8455
The intermediate term trend has been UP since Nov 28th, 2018 at 1.1818
The short term trend has been DOWN since Nov 29th, 2018 at 1.1802
Smart Scan Analysis for FTGMKX
Based on a pre-defined weighted trend formula for chart analysis, FTGMKX scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1.31||52wk High Date||2017-11-30|
|52wk Low||1.1791||52wk Low Date||2018-10-03|
|Year End Close||1.2845||Yield||4.2|