Mutual Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
THE FIRST TRUST GNMA SERIES 115 (NASDAQ:FMITSX)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 FMITSX
The long term trend has been DOWN since Apr 1st, 2019 at 3.19
The intermediate term trend has been UP since Aug 20th, 2019 at 3.17
The short term trend has been DOWN since Aug 29th, 2019 at 3.17
Smart Scan Analysis for FMITSX
Based on a pre-defined weighted trend formula for chart analysis, FMITSX scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3.23||52wk High Date||2019-03-22|
|52wk Low||3.13||52wk Low Date||2018-11-05|
|Year End Close||3.21||Yield||3.14|