Mutual Trend Analysis Report
Prepared for you on Thursday, October 17, 2019.
THE FIRST TRUST COMBINED SRS 344 INVESTMENT GRADE MULTI-ASSET INCOME P (NASDAQ:FBRHSX)
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 FBRHSX
The long term trend has been UP since Jan 2nd, 2019 at 855.65
The intermediate term trend has been DOWN since Oct 15th, 2019 at 912.12
The short term trend has been DOWN since Oct 9th, 2019 at 921.46
Smart Scan Analysis for FBRHSX
Based on a pre-defined weighted trend formula for chart analysis, FBRHSX scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||928.72000000||52wk High Date||2019-08-28|
|52wk Low||843.27000000||52wk Low Date||2018-11-08|
|Year End Close||854.60000000||Yield||4.67000000|