Mutual Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
FIRST TRUST GNMA REINVESTMENT INCOME TRUST (GRIT) SERIES 80 (NASDAQ:FGNMAX)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 FGNMAX
The long term trend has been DOWN since May 17th, 2016 at 5.20
The intermediate term trend has been DOWN since Apr 3rd, 2019 at 3.48
The short term trend has been UP since May 9th, 2019 at 3.44
Smart Scan Analysis for FGNMAX
Based on a pre-defined weighted trend formula for chart analysis, FGNMAX scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk High Date||2018-02-26|
|52wk Low||3.44||52wk Low Date||2019-04-30|
|Year End Close||3.58||Yield||5.16|