Mutual Trend Analysis Report
Prepared for you on Sunday, May 16, 2021.
THE FIRST TRUST COMBINED SERIES 516: INVESTMENT GRADE MULTI-ASSET INCO (NASDAQ:FLOKNX)
Long-Term Downtrend (-90) - FLOKNX is in a strong downtrend that is likely to continue. While FLOKNX 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 FLOKNX?
MarketClub looks at technical strength and momentum to determine if the timing is right for FLOKNX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FLOKNX
The long-term trend has been DOWN since Feb 25th, 2021 at 1264.39
The intermediate-term trend has been DOWN since Feb 8th, 2021 at 1284.66
The short-term trend has been DOWN since May 10th, 2021 at 1197.80
Smart Scan Analysis for FLOKNX
Based on our trend formula, FLOKNX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1300.63||52wk High Date||2020-12-08|
|52wk Low||1179.98||52wk Low Date||2020-05-18|
|Year End Close||1294.41||Payment Date||2021-05-25|