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Mutual Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

THE FIRST TRUST GNMA REINVESTMENT INCOME TRUST (GRIT) SERIES 97 (NASDAQ:FGTJAX)

Long-Term Downtrend (-90) - FGTJAX is in a strong downtrend that is likely to continue. While FGTJAX is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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

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

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

NASDAQ_FGTJAX
Open High Low FGTJAX Price Change
1.870 1.870 1.870 1.866 0.000
Entry Signal

MarketClub’s Trade Triangles for FGTJAX

long term down The long-term trend has been DOWN since Aug 29th, 2019 at 3.77

intermediate term down The intermediate-term trend has been DOWN since Jul 6th, 2022 at 1.94

short term down The short-term trend has been DOWN since Jul 29th, 2022 at 1.92

Smart Scan Analysis for FGTJAX

Based on our trend formula, FGTJAX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for FGTJAX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.870 1.870 1.870 1.866 0.000
Prev. Close Volume Bid Ask Time
1.870 0 1.870 2022-08-18 17:31:39
52wk High2.6352wk High Date2021-08-19
52wk Low1.8652wk Low Date2022-08-17
Year End Close2.27Yield4.34
Payment Date2022-08-31
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