Mutual Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
THE FIRST TRUST COMBINED SRS 316 BUILD AMER BDS PTF 10-20 YEARS SRS 4 (NASDAQ:FTBBYX)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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 FTBBYX
The long term trend has been DOWN since Sep 9th, 2019 at 884.15
The intermediate term trend has been DOWN since Oct 15th, 2019 at 848.12
The short term trend has been DOWN since Jan 8th, 2020 at 737.39
Smart Scan Analysis for FTBBYX
Based on a pre-defined weighted trend formula for chart analysis, FTBBYX scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||897.27||52wk High Date||2019-08-15|
|52wk Low||735.78||52wk Low Date||2019-12-23|
|Year End Close||735.94||Yield||4.9|