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.
MarketClub’s Trade Triangles for FLTPAX
The long-term trend has been DOWN since Sep 30th, 2020 at 1076.82
The intermediate-term trend has been DOWN since Aug 20th, 2020 at 1084.00
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).
|52wk High||1124.3||52wk High Date||2020-09-15|
|52wk Low||1020.32||52wk Low Date||2020-03-20|
|Year End Close||1096||Yield||3.92|