Mutual Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
THE FIRST TRUST COMBINED SRS 330 TAX EXEMPT MUNICIPAL INCM TR SRS 259 (NASDAQ:FMUNEX)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 FMUNEX
The long term trend has been DOWN since Jul 21st, 2016 at 958.98
The intermediate term trend has been DOWN since Jun 18th, 2019 at 494.45
The short term trend has been DOWN since Jun 28th, 2019 at 494.71
Smart Scan Analysis for FMUNEX
Based on a pre-defined weighted trend formula for chart analysis, FMUNEX scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk High Date||2019-05-24|
|52wk Low||494.06||52wk Low Date||2019-07-19|
|Year End Close||496.35||Yield||4.25|