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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.
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MarketClub’s Trade Triangles for FGTJAX
The long-term trend has been DOWN since Aug 29th, 2019 at 3.77
The intermediate-term trend has been DOWN since Jul 6th, 2022 at 1.94
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).
| 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 High | 2.63 | 52wk High Date | 2021-08-19 |
| 52wk Low | 1.86 | 52wk Low Date | 2022-08-17 |
| Year End Close | 2.27 | Yield | 4.34 |
| Payment Date | 2022-08-31 |