Mutual Trend Analysis Report
Prepared for you on Monday, May 10, 2021.
FIRST TRUST GNMA REINVESTMENT INCOME TRUST (GRIT) SERIES 87 (NASDAQ:FTGREX)
Strong Downtrend (-100) - FTGREX is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid FTGREX?
MarketClub looks at technical strength and momentum to determine if the timing is right for FTGREX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FTGREX
The long-term trend has been DOWN since Jun 5th, 2020 at 3.07
The intermediate-term trend has been DOWN since Apr 27th, 2020 at 3.14
The short-term trend has been DOWN since Apr 26th, 2021 at 2.40
Smart Scan Analysis for FTGREX
Based on our trend formula, FTGREX is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||3.11||52wk High Date||2020-05-22|
|52wk Low||2.36||52wk Low Date||2021-05-07|
|Year End Close||2.6||Yield||5.87|