Mutual Trend Analysis Report
Prepared for you on Tuesday, February 19, 2019.
FRANKLIN NEW YORK INTERMEDIATE-TERM TAX-FREE INCOME FUND CLASS A1 (NASDAQ:FKNIX)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 FKNIX
The long term trend has been UP since Jan 2nd, 2019 at 11.29
The intermediate term trend has been UP since Nov 19th, 2018 at 11.13
The short term trend has been DOWN since Feb 12th, 2019 at 11.36
Smart Scan Analysis for FKNIX
Based on a pre-defined weighted trend formula for chart analysis, FKNIX scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk High Date||2018-03-01|
|52wk Low||11.08||52wk Low Date||2018-11-02|
|Year End Close||11.29||Payment Date||2018-12-31|