Mutual Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
FIRST TRUST 3963 HIGH YIELD CORPORATE TRUST SHORT INTERMEDIATE SRS 9 (NASDAQ:FHYPMX)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 Dec 13th, 2019 at 51.79
The intermediate term trend has been DOWN since Nov 7th, 2019 at 51.94
The short term trend has been UP since Jan 22nd, 2020 at 51.67
Smart Scan Analysis for FHYPMX
Based on a pre-defined weighted trend formula for chart analysis, FHYPMX scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||141.27||52wk High Date||2019-02-06|
|52wk Low||51.36||52wk Low Date||2020-01-27|
|Year End Close||51.79||Yield||7.06|