Mutual Trend Analysis Report
Prepared for you on Thursday, August 13, 2020.
THE FIRST TRUST GNMA REINVESTMENT INCOME TRUST GRIT SERIES 118 (NASDAQ:FPRHGX)
Sidelines Mode (-55) - FPRHGX is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid FPRHGX?
MarketClub looks at technical strength and momentum to determine if the timing is right for FPRHGX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FPRHGX
The long-term trend has been DOWN since Jul 9th, 2020 at 9.35
The intermediate-term trend has been DOWN since Jun 23rd, 2020 at 9.43
The short-term trend has been UP since Aug 3rd, 2020 at 9.31
Smart Scan Analysis for FPRHGX
Based on our trend formula, FPRHGX is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||9.47||52wk High Date||2020-05-13|
|52wk Low||9.17||52wk Low Date||2020-03-18|
|Year End Close||9.2||Yield||3.32|