Mutual Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
Franklin New York Tax-Free Income Fund Class A1 (NASDAQ:FNYTX)
Strong Downtrend (-100) - FNYTX is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, FNYTX continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid FNYTX?
MarketClub looks at technical strength and momentum to determine if the timing is right for FNYTX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FNYTX
The long-term trend has been DOWN since Aug 18th, 2023 at 9.72
The intermediate-term trend has been DOWN since Aug 2nd, 2023 at 9.86
The short-term trend has been DOWN since Sep 6th, 2023 at 9.70
Smart Scan Analysis for FNYTX
Based on our trend formula, FNYTX is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||10.45||52wk High Date||2023-04-12|
|52wk Low||9.21||52wk Low Date||2022-10-25|
|Year End Close||9.69||Payment Date||2023-08-31|