Mutual Trend Analysis Report
Prepared for you on Wednesday, April 24, 2019.
THE FIRST TRUST COMBINED SERIES 458: TAX EXEMPT MUNICIPAL INCOME TRUST (NASDAQ:FSEMAX)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for FSEMAX
The long term trend has been UP since Jan 2nd, 2019 at 1093.09
The intermediate term trend has been DOWN since Apr 15th, 2019 at 1101.92
The short term trend has been DOWN since Apr 1st, 2019 at 1105.21
Smart Scan Analysis for FSEMAX
Based on a pre-defined weighted trend formula for chart analysis, FSEMAX scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1207.3||52wk High Date||2019-02-15|
|52wk Low||1075.71||52wk Low Date||2018-11-07|
|Year End Close||1121.609984||Yield||3.56|