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Mutual Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

THE FIRST TRUST GNMA REINVESTMENT INCOME TR GRIT SRS 119 (NASDAQ:FRAHNX)

Sidelines Mode (-55) - FRAHNX 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 FRAHNX?

MarketClub looks at technical strength and momentum to determine if the timing is right for FRAHNX.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_FRAHNX
Open High Low FRAHNX Price Change
7.5600 7.5600 7.5600 7.5906 +0.0300
Entry Signal

MarketClub’s Trade Triangles for FRAHNX

long term down The long-term trend has been DOWN since Mar 15th, 2024 at 7.51

intermediate term down The intermediate-term trend has been DOWN since Jan 18th, 2024 at 7.70

short term up The short-term trend has been UP since Mar 19th, 2024 at 7.51

Smart Scan Analysis for FRAHNX

Based on our trend formula, FRAHNX is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for FRAHNX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.5600 7.5600 7.5600 7.5906 +0.0300
Prev. Close Volume Bid Ask Time
7.5600 0 7.5900 10.0400 2024-03-27 17:45:26
52wk High10.0452wk High Date2024-03-27
52wk Low7.3452wk Low Date2023-10-19
Year End Close7.81Yield2.58
Payment Date2024-03-28
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