Mutual Trend Analysis Report
Prepared for you on Thursday, June 30, 2022.
First Trust GNMA Reinvestment Income Trust (GRIT), Series 92 (NASDAQ:FGRTJX)
Countertrend Down (-85) - FGRTJX 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 FGRTJX?
MarketClub looks at technical strength and momentum to determine if the timing is right for FGRTJX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FGRTJX
The long-term trend has been DOWN since Jul 31st, 2019 at 3.81
The intermediate-term trend has been DOWN since Jun 29th, 2020 at 3.42
The short-term trend has been UP since Jun 16th, 2022 at 1.98
Smart Scan Analysis for FGRTJX
Based on our trend formula, FGRTJX is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||2.75||52wk High Date||2021-06-29|
|52wk Low||1.97||52wk Low Date||2022-06-14|
|Year End Close||2.38||Yield||4.4|