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Mutual Trend Analysis Report
Prepared for you on Thursday, April 18, 2024.
FIRST TRUST GNMA REINVESTMENT INCOME TRUST GRIT SERIES 83 (NASDAQ:FGRMAX)
Countertrend Down (-85) - FGRMAX is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid FGRMAX?
MarketClub looks at technical strength and momentum to determine if the timing is right for FGRMAX.
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MarketClub’s Trade Triangles for FGRMAX
The long-term trend has been DOWN since Apr 29th, 2021 at 2.46
The intermediate-term trend has been DOWN since Dec 28th, 2023 at 1.40
The short-term trend has been UP since Apr 9th, 2024 at 1.32
Smart Scan Analysis for FGRMAX
Based on our trend formula, FGRMAX is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.3200 | 1.3200 | 1.3200 | 1.3231 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.3200 | 0 | 1.3200 | 2024-04-17 20:00:00 |
| 52wk High | 1.62 | 52wk High Date | 2023-04-18 |
| 52wk Low | 1.32 | 52wk Low Date | 2024-03-28 |
| Year End Close | 1.39 | Yield | 5.77 |
| Payment Date | 2023-03-31 |