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Mutual Trend Analysis Report
Prepared for you on Friday, May 10, 2024.
THE FIRST TRUST COMBINED SERIES 536: TAX EXEMPT MUNICIPAL INCOME TRUST (NASDAQ:FORCHX)
Bull Market Weakness (+75) - FORCHX is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on FORCHX as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid FORCHX?
MarketClub looks at technical strength and momentum to determine if the timing is right for FORCHX.
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 FORCHX
The long-term trend has been DOWN since Apr 2nd, 2024 at 928.73
The intermediate-term trend has been UP since May 6th, 2024 at 920.11
The short-term trend has been UP since May 1st, 2024 at 909.73
Smart Scan Analysis for FORCHX
Based on our trend formula, FORCHX is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 918.25 | 918.25 | 918.25 | 926.71 | +3.32 |
| Prev. Close | Volume | Bid | Ask | Time |
| 929.38 | 0 | 921.57 | 1077.91 | 2024-05-06 20:00:00 |
| 52wk High | 1077.91 | 52wk High Date | 2024-05-09 |
| 52wk Low | 819.83 | 52wk Low Date | 2023-10-31 |
| Year End Close | 1092.36 | Payment Date | 2024-05-25 |