Mutual Trend Analysis Report
Prepared for you on Saturday, April 20, 2019.
THE FIRST TRUST COMBINED SERIES 397 INVESTMENT GRADE MULTI-ASSET INCOM (NASDAQ:FAMTRX)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 FAMTRX
The long term trend has been UP since Jan 31st, 2019 at 933.44
The intermediate term trend has been DOWN since Apr 16th, 2019 at 948.11
The short term trend has been DOWN since Apr 12th, 2019 at 950.91
Smart Scan Analysis for FAMTRX
Based on a pre-defined weighted trend formula for chart analysis, FAMTRX scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2019||52wk High Date||2019-02-15|
|52wk Low||907.19||52wk Low Date||2018-11-02|
|Year End Close||921.28||Yield||5.1|