Mutual Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
FT 6638: NEW JERSEY MUNI INCOME SELECT CLOSED-END PORTFOLIO SERIES (NASDAQ:FWAPDX)
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 FWAPDX
The long term trend has been DOWN since Oct 31st, 2017 at 9.4650
The intermediate term trend has been DOWN since Jun 12th, 2018 at 8.6384
The short term trend has been UP since Oct 18th, 2018 at 8.1268
Smart Scan Analysis for FWAPDX
Based on a pre-defined weighted trend formula for chart analysis, FWAPDX scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||9.62||52wk High Date||2017-10-19|
|52wk Low||8.09||52wk Low Date||2018-10-15|
|Year End Close||9.4101||Payment Date||2018-10-25|