Mutual Trend Analysis Report
Prepared for you on Friday, May 24, 2019.
THE FIRST TRUST COMBINED SERIES 458: TAX EXEMPT MUNICIPAL INCOME TRUST (NASDAQ:FSEMAX)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 UP since May 6th, 2019 at 1102.44
The short term trend has been UP since May 23rd, 2019 at 1107.18
Smart Scan Analysis for FSEMAX
Based on a pre-defined weighted trend formula for chart analysis, FSEMAX scored +100 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|