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Mutual Trend Analysis Report

Prepared for you on Wednesday, October 21, 2020.

THE FIRST TRUST COMBINED SERIES 438: TAX EXEMPT MUNICIPAL INCOME TRUST (NASDAQ:FLTPAX)

Strong Downtrend (-100) - FLTPAX is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid FLTPAX?

MarketClub looks at technical strength and momentum to determine if the timing is right for FLTPAX.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_FLTPAX
Open High Low FLTPAX Price Change
1073.51 1073.51 1073.51 1073.39 -0.12
Entry Signal

MarketClub’s Trade Triangles for FLTPAX

long term down The long-term trend has been DOWN since Sep 30th, 2020 at 1076.82

intermediate term down The intermediate-term trend has been DOWN since Aug 20th, 2020 at 1084.00

short term down The short-term trend has been DOWN since Sep 22nd, 2020 at 1078.51

Smart Scan Analysis for FLTPAX

Based on our trend formula, FLTPAX is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for FLTPAX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1073.51 1073.51 1073.51 1073.39 -0.12
Prev. Close Volume Bid Ask Time
1073.39 0 1073.39 1124.30 2020-10-16 20:00:00
52wk High1124.352wk High Date2020-09-15
52wk Low1020.3252wk Low Date2020-03-20
Year End Close1096Yield3.92
Payment Date2020-09-25
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