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Mutual Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
THE FIRST TRUST COMBINED SERIES 589: TAX EXEMPT MUNICIPAL INCOME TRUST (NASDAQ:FAEVLX)
Strong Downtrend (-100) - FAEVLX is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, FAEVLX continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid FAEVLX?
MarketClub looks at technical strength and momentum to determine if the timing is right for FAEVLX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for FAEVLX
The long-term trend has been DOWN since Mar 18th, 2024 at 1017.26
The intermediate-term trend has been DOWN since Mar 15th, 2024 at 1018.06
The short-term trend has been DOWN since Mar 13th, 2024 at 1019.94
Smart Scan Analysis for FAEVLX
Based on our trend formula, FAEVLX is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1005.08 | 1005.08 | 1005.08 | 1004.36 | -0.32 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1004.72 | 0 | 1004.76 | 1208.44 | 2024-04-19 20:00:00 |
| 52wk High | 1208.44 | 52wk High Date | 2024-04-23 |
| 52wk Low | 979.13 | 52wk Low Date | 2023-10-31 |
| Year End Close | 1154.16 | Payment Date | 2024-04-25 |