Mutual Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
FT 6488: MUNI ADVANTAGE CLOSED-END & ETF PORTFOLIO SERIES 40 (NASDAQ:FTUWAX)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 FTUWAX
The long term trend has been DOWN since Nov 10th, 2017 at 9.7574
The intermediate term trend has been DOWN since Aug 7th, 2018 at 9.4464
The short term trend has been UP since Aug 13th, 2018 at 9.4182
Smart Scan Analysis for FTUWAX
Based on a pre-defined weighted trend formula for chart analysis, FTUWAX scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||9.91||52wk High Date||2017-09-07|
|52wk Low||9.37||52wk Low Date||2018-04-25|
|Year End Close||9.7268||Payment Date||2018-08-25|