Mutual Trend Analysis Report
Prepared for you on Monday, January 18, 2021.
THE FIRST TRUST COMBINED SERIES 431: TAX EXEMPT MUNICIPAL INCOME TRUST (NASDAQ:FMGSUX)
Long-Term Downtrend (-90) - FMGSUX is in a strong downtrend that is likely to continue. While FMGSUX 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 FMGSUX?
MarketClub looks at technical strength and momentum to determine if the timing is right for FMGSUX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FMGSUX
The long-term trend has been DOWN since Oct 2nd, 2020 at 898.31
The intermediate-term trend has been DOWN since Aug 17th, 2020 at 901.51
The short-term trend has been DOWN since Dec 17th, 2020 at 791.81
Smart Scan Analysis for FMGSUX
Based on our trend formula, FMGSUX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1148.48||52wk High Date||2020-11-03|
|52wk Low||858.68||52wk Low Date||2020-03-20|
|Year End Close||1068.420032||Yield||3.88|