Mutual Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
THE FIRST TRUST COMBINED SERIES 531: INVESTMENT GRADE MULTI-ASSET INC (NASDAQ:FWERVX)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 FWERVX
The long term trend has been DOWN since Oct 25th, 2017 at 1153.250000
The intermediate term trend has been DOWN since Sep 4th, 2018 at 1105.219971
The short term trend has been UP since Oct 8th, 2018 at 1071.510016
Smart Scan Analysis for FWERVX
Based on a pre-defined weighted trend formula for chart analysis, FWERVX scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1181.54||52wk High Date||2017-12-15|
|52wk Low||1071.44992||52wk Low Date||2018-10-18|
|Year End Close||1176.380032||Payment Date||2018-10-25|