Mutual Trend Analysis Report
Prepared for you on Friday, August 23, 2019.
FIRST TRUST 3963 HIGH YIELD CORPORATE TRUST SHORT INTERMEDIATE SRS 9 (NASDAQ:FHYPMX)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for FHYPMX
The long term trend has been DOWN since May 9th, 2018 at 170.210007
The intermediate term trend has been DOWN since Aug 5th, 2019 at 52.050000
The short term trend has been DOWN since Aug 14th, 2019 at 52.170000
Smart Scan Analysis for FHYPMX
Based on a pre-defined weighted trend formula for chart analysis, FHYPMX scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk High Date||2019-05-24|
|52wk Low||51.67||52wk Low Date||2019-06-03|
|Year End Close||138||Yield||7.06|