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Mutual Trend Analysis Report
Prepared for you on Thursday, April 18, 2024.
PGIM FLOATING RATE INCOME FUND CLASS A (NASDAQ:FRFAX)
Bull Market Weakness (+75) - FRFAX is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on FRFAX as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid FRFAX?
MarketClub looks at technical strength and momentum to determine if the timing is right for FRFAX.
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 FRFAX
The long-term trend has been UP since Dec 14th, 2023 at 9.04
The intermediate-term trend has been UP since Nov 15th, 2023 at 8.96
The short-term trend has been UP since Feb 22nd, 2024 at 9.11
Smart Scan Analysis for FRFAX
Based on our trend formula, FRFAX is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 9.13 | 9.13 | 9.13 | 9.07 | -0.03 |
| Prev. Close | Volume | Bid | Ask | Time |
| 9.09 | 0 | 9.10 | 9.31 | 2024-04-12 20:00:00 |
| 52wk High | 9.36 | 52wk High Date | 2024-04-08 |
| 52wk Low | 8.81 | 52wk Low Date | 2023-05-17 |
| Year End Close | 9.11 | Yield | 9.0124 |
| Payment Date | 2019-11-29 |