Mutual Trend Analysis Report
Prepared for you on Saturday, September 18, 2021.
FT 8785: Senior Loan & Limited Duration Opportunities Closed-End Portfolio, Series 70 (NASDAQ:FRMZLX)
Bull Market Weakness (+75) - FRMZLX is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on FRMZLX as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid FRMZLX?
MarketClub looks at technical strength and momentum to determine if the timing is right for FRMZLX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FRMZLX
The long-term trend has been UP since Jul 21st, 2020 at 9.97
The intermediate-term trend has been UP since Aug 4th, 2021 at 11.79
The short-term trend has been DOWN since Sep 16th, 2021 at 11.98
Smart Scan Analysis for FRMZLX
Based on our trend formula, FRMZLX is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||12.01||52wk High Date||2021-09-13|
|52wk Low||9.96||52wk Low Date||2020-10-28|
|Year End Close||10.93||Payment Date||2020-07-25|