Free Daily Analysis

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.

NASDAQ_FRXDAX
Open High Low FRXDAX Price Change
12.83 12.83 12.83 13.07 +0.24
Entry Signal

MarketClub’s Trade Triangles for FRXDAX

long term down The long-term trend has been DOWN since Feb 23rd, 2022 at 13.82

intermediate term down The intermediate-term trend has been DOWN since Jan 19th, 2022 at 14.71

short term down 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).

-90
Smart Scan Analysis for FRXDAX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.83 12.83 12.83 13.07 +0.24
Prev. Close Volume Bid Ask Time
12.83 0 13.07 14.40 2022-05-13 20:00:00
52wk High15.3352wk High Date2021-06-01
52wk Low12.6952wk Low Date2022-05-11
Year End Close14.79Payment Date2022-05-25
Get a free daily analysis and signals for FT 8970: SMID HIGH DIVIDEND PORTFOLIO SERIES 40 (FRXDAX) - Request Your Free Report.