Mutual Trend Analysis Report
Prepared for you on Monday, May 16, 2022.
FT 8970: SMID HIGH DIVIDEND PORTFOLIO SERIES 40 (NASDAQ:FRXDAX)
Long-Term Downtrend (-90) - FRXDAX is in a strong downtrend that is likely to continue. While FRXDAX is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid FRXDAX?
MarketClub looks at technical strength and momentum to determine if the timing is right for FRXDAX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FRXDAX
The long-term trend has been DOWN since Feb 23rd, 2022 at 13.82
The intermediate-term trend has been DOWN since Jan 19th, 2022 at 14.71
The short-term trend has been DOWN since May 6th, 2022 at 13.12
Smart Scan Analysis for FRXDAX
Based on our trend formula, FRXDAX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||15.33||52wk High Date||2021-06-01|
|52wk Low||12.69||52wk Low Date||2022-05-11|
|Year End Close||14.79||Payment Date||2022-05-25|