Mutual Trend Analysis Report
Prepared for you on Wednesday, October 5, 2022.
FIDELITY GNMA FUND (NASDAQ:FGMNX)
Long-Term Downtrend (-90) - FGMNX is in a strong downtrend that is likely to continue. While FGMNX is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid FGMNX?
MarketClub looks at technical strength and momentum to determine if the timing is right for FGMNX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FGMNX
The long-term trend has been DOWN since Sep 19th, 2022 at 10.26
The intermediate-term trend has been DOWN since Aug 19th, 2022 at 10.71
The short-term trend has been DOWN since Aug 17th, 2022 at 10.75
Smart Scan Analysis for FGMNX
Based on our trend formula, FGMNX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||11.68||52wk High Date||2021-11-05|
|52wk Low||9.84||52wk Low Date||2022-09-26|
|Year End Close||11.58||Payment Date||2021-12-06|