Mutual Trend Analysis Report
Prepared for you on Friday, October 18, 2019.
THE FIRST TRUST COMBINED SERIES 405 TAX EXEMPT MUNICIPAL INCOME TRUST (NASDAQ:FGOHZX)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 FGOHZX
The long term trend has been DOWN since Sep 17th, 2019 at 896.88
The intermediate term trend has been DOWN since Sep 5th, 2019 at 903.50
The short term trend has been DOWN since Oct 4th, 2019 at 899.04
Smart Scan Analysis for FGOHZX
Based on a pre-defined weighted trend formula for chart analysis, FGOHZX scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1005.07000000||52wk High Date||2019-10-03|
|52wk Low||876.94000000||52wk Low Date||2018-11-08|
|Year End Close||955.22995200||Yield||3.92000000|