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Mutual Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

First Trust GNMA Reinvestment Income Trust (GRIT) Series 89 (NASDAQ:FGRNVX)

Strong Downtrend (-100) - FGRNVX is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, FGRNVX continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid FGRNVX?

MarketClub looks at technical strength and momentum to determine if the timing is right for FGRNVX.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_FGRNVX
Open High Low FGRNVX Price Change
2.3800 2.3800 2.3800 2.3792 0.0000
Entry Signal

MarketClub’s Trade Triangles for FGRNVX

long term down The long-term trend has been DOWN since Jun 4th, 2020 at 4.13

intermediate term down The intermediate-term trend has been DOWN since Apr 22nd, 2020 at 4.19

short term down The short-term trend has been DOWN since Jul 29th, 2022 at 2.39

Smart Scan Analysis for FGRNVX

Based on our trend formula, FGRNVX is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for FGRNVX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.3800 2.3800 2.3800 2.3792 0.0000
Prev. Close Volume Bid Ask Time
2.3800 0 2.3800 2022-08-12 20:00:00
52wk High3.1952wk High Date2021-08-19
52wk Low2.3652wk Low Date2022-08-08
Year End Close2.85Yield5.06
Payment Date2022-08-31
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