Mutual Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
The First Trust GNMA Reinvestment Income Trust (GRIT) Series 106 (NASDAQ:FGRJNX)
Sidelines Mode (-55) - FGRJNX is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid FGRJNX?
MarketClub looks at technical strength and momentum to determine if the timing is right for FGRJNX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FGRJNX
The long-term trend has been DOWN since Aug 28th, 2020 at 8.13
The intermediate-term trend has been UP since Feb 17th, 2021 at 8.01
The short-term trend has been DOWN since Feb 25th, 2021 at 8.09
Smart Scan Analysis for FGRJNX
Based on our trend formula, FGRJNX is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||10.86||52wk High Date||2021-02-25|
|52wk Low||7.98||52wk Low Date||2021-01-28|
|Year End Close||7.98||Yield||3.84|