Mutual Trend Analysis Report
Prepared for you on Sunday, October 2, 2022.
THE FIRST TRUST GNMA SERIES 101 (NASDAQ:FTGMKX)
Strong Downtrend (-100) - FTGMKX is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, FTGMKX continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid FTGMKX?
MarketClub looks at technical strength and momentum to determine if the timing is right for FTGMKX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FTGMKX
The long-term trend has been DOWN since Oct 31st, 2019 at 1.13
The intermediate-term trend has been DOWN since Aug 15th, 2022 at 0.68
The short-term trend has been DOWN since Aug 31st, 2022 at 0.68
Smart Scan Analysis for FTGMKX
Based on our trend formula, FTGMKX is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||0.94||52wk High Date||2021-10-01|
|52wk Low||0.65||52wk Low Date||2022-09-29|
|Year End Close||0.86||Yield||4.2|