Mutual Trend Analysis Report
Prepared for you on Thursday, November 21, 2019.
THE FIRST TRUST COMBINED SERIES 537: INVESTMENT GRADE MULTI-ASSET INCO (NASDAQ:FBCNAX)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 FBCNAX
The long term trend has been UP since Jan 2nd, 2019 at 1015.39
The intermediate term trend has been DOWN since Oct 21st, 2019 at 1085.91
The short term trend has been UP since Nov 12th, 2019 at 1080.62
Smart Scan Analysis for FBCNAX
Based on a pre-defined weighted trend formula for chart analysis, FBCNAX scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1101.96||52wk High Date||2019-09-04|
|52wk Low||1000.4||52wk Low Date||2018-11-28|
|Year End Close||1015.39||Payment Date||2019-10-25|