Mutual Trend Analysis Report
Prepared for you on Monday, April 19, 2021.
THE FIRST TRUST COMBINED SERIES 497: TAX EXEMPT MUNICIPAL INCOME TRUST (NASDAQ:FKLTIX)
Bull Market Weakness (+75) - FKLTIX is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on FKLTIX as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid FKLTIX?
MarketClub looks at technical strength and momentum to determine if the timing is right for FKLTIX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FKLTIX
The long-term trend has been DOWN since Feb 24th, 2021 at 1067.30
The intermediate-term trend has been UP since Apr 8th, 2021 at 1067.22
The short-term trend has been UP since Apr 1st, 2021 at 1064.55
Smart Scan Analysis for FKLTIX
Based on our trend formula, FKLTIX is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1087.5||52wk High Date||2020-08-10|
|52wk Low||1040.85||52wk Low Date||2020-04-29|
|Year End Close||1052.079936||Payment Date||2021-04-25|