Mutual Trend Analysis Report
Prepared for you on Tuesday, July 16, 2019.
THE FIRST TRUST GNMA SERIES 114 (NASDAQ:FDORMX)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 FDORMX
The long term trend has been DOWN since Apr 1st, 2019 at 2.92
The intermediate term trend has been UP since Jun 12th, 2019 at 2.90
The short term trend has been DOWN since Jul 8th, 2019 at 2.92
Smart Scan Analysis for FDORMX
Based on a pre-defined weighted trend formula for chart analysis, FDORMX scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk High Date||2019-05-24|
|52wk Low||2.88||52wk Low Date||2019-05-30|
|Year End Close||2.95||Yield||3.17|