Mutual Trend Analysis Report
Prepared for you on Sunday, September 23, 2018.
THE FIRST TRUST COMBINED SERIES 471: TAX EXEMPT MUNI INCOME TRUST (NASDAQ:FUELAX)
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 FUELAX
The long term trend has been DOWN since Jan 29th, 2018 at 1080.540039
The intermediate term trend has been DOWN since Jul 24th, 2018 at 1065.140015
The short term trend has been DOWN since Aug 23rd, 2018 at 1061.689920
Smart Scan Analysis for FUELAX
Based on a pre-defined weighted trend formula for chart analysis, FUELAX scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1105.72||52wk High Date||2017-12-06|
|52wk Low||1044.59||52wk Low Date||2018-09-21|
|Year End Close||1100.16||Yield||3.9|