Mutual Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
THE FIRST TRUST GNMA SERIES 113 (NASDAQ:FTBAYX)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 FTBAYX
The long term trend has been UP since Jan 3rd, 2019 at 4.0300
The intermediate term trend has been UP since Nov 28th, 2018 at 3.9821
The short term trend has been DOWN since Feb 12th, 2019 at 4.0400
Smart Scan Analysis for FTBAYX
Based on a pre-defined weighted trend formula for chart analysis, FTBAYX scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk High Date||2019-02-15|
|52wk Low||3.95||52wk Low Date||2018-11-02|
|Year End Close||4.03||Yield||3.29|