Free Daily Analysis
Mutual Trend Analysis Report
Prepared for you on Tuesday, April 23, 2024.
THE FIRST TRUST COMBINED SERIES 559: TAX EXEMPT MUNICIPAL INCOME TRUST (NASDAQ:FNOCWX)
Long-Term Downtrend (-90) - FNOCWX is in a strong downtrend that is likely to continue. While FNOCWX 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 FNOCWX?
MarketClub looks at technical strength and momentum to determine if the timing is right for FNOCWX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for FNOCWX
The long-term trend has been DOWN since Apr 2nd, 2024 at 993.90
The intermediate-term trend has been DOWN since Mar 20th, 2024 at 997.45
The short-term trend has been DOWN since Mar 26th, 2024 at 996.35
Smart Scan Analysis for FNOCWX
Based on our trend formula, FNOCWX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 983.05 | 983.05 | 983.05 | 984.12 | +0.97 |
| Prev. Close | Volume | Bid | Ask | Time |
| 984.02 | 0 | 984.02 | 1060.11 | 2024-04-19 20:00:00 |
| 52wk High | 1060.11 | 52wk High Date | 2024-04-19 |
| 52wk Low | 906.27 | 52wk Low Date | 2023-10-31 |
| Year End Close | 1130.09 | Payment Date | 2024-04-25 |