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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.

NASDAQ_FGNMAX
Open High Low FGNMAX Price Change
3.45 3.45 3.45 3.45 0.00
Entry Signal

MarketClub’s Trade Triangles for FGNMAX

long term down The long term trend has been DOWN since May 17th, 2016 at 5.20

intermediate term down The intermediate term trend has been DOWN since Apr 3rd, 2019 at 3.48

short term up 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).

-85
Smart Scan Analysis for FGNMAX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.45 3.45 3.45 3.45 0.00
Prev. Close Volume Bid Ask Time
3.45 0 3.45 0.00 2019-05-17 19:59:59
52wk High201852wk High Date2018-02-26
52wk Low3.4452wk Low Date2019-04-30
Year End Close3.58Yield5.16
Payment Date2019-01-31
Want to analyze FIRST TRUST GNMA REINVESTMENT INCOME TRUST (GRIT) SERIES 80 FGNMAX or another symbol? Try our Free Mutual Trend Analysis Report.