Mutual Trend Analysis Report
Prepared for you on Tuesday, May 26, 2020.
THE FIRST TRUST COMBINED SERIES 405 TAX EXEMPT MUNICIPAL INCOME TRUST (NASDAQ:FGOHZX)
Bull Market Weakness (+75) - FGOHZX is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on FGOHZX as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid FGOHZX?
MarketClub looks at technical strength and momentum to determine if the timing is right for FGOHZX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FGOHZX
The long-term trend has been DOWN since Mar 9th, 2020 at 895.19
The intermediate-term trend has been UP since May 15th, 2020 at 848.19
The short-term trend has been UP since May 4th, 2020 at 842.51
Smart Scan Analysis for FGOHZX
Based on our trend formula, FGOHZX is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1005.07||52wk High Date||2020-03-30|
|52wk Low||819.92||52wk Low Date||2020-03-20|
|Year End Close||955.229952||Yield||3.92|