Mutual Trend Analysis Report
Prepared for you on Sunday, August 9, 2020.
THE FIRST TRUST GNMA REINVESTMENT INCOME TRUST GRIT SRS 116 (NASDAQ:FBONOX)
Bear Market Rally (-75) - FBONOX is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on FBONOX as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid FBONOX?
MarketClub looks at technical strength and momentum to determine if the timing is right for FBONOX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FBONOX
The long-term trend has been DOWN since Jul 10th, 2020 at 9.18
The intermediate-term trend has been DOWN since May 28th, 2020 at 9.27
The short-term trend has been DOWN since Jul 23rd, 2020 at 9.15
Smart Scan Analysis for FBONOX
Based on our trend formula, FBONOX is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||9.31||52wk High Date||2020-05-13|
|52wk Low||9.01||52wk Low Date||2020-03-18|
|Year End Close||9.03||Yield||3.23|