Mutual Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
First Trust GNMA Reinvestment Income Trust (GRIT) Series 86 (NASDAQ:FTGRSX)
Strong Downtrend (-100) - FTGRSX is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, FTGRSX continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid FTGRSX?
MarketClub looks at technical strength and momentum to determine if the timing is right for FTGRSX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FTGRSX
The long-term trend has been DOWN since Jul 10th, 2019 at 3.40
The intermediate-term trend has been DOWN since Mar 31st, 2020 at 3.12
The short-term trend has been DOWN since Jun 27th, 2022 at 1.76
Smart Scan Analysis for FTGRSX
Based on our trend formula, FTGRSX is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||2.28||52wk High Date||2021-07-09|
|52wk Low||1.73||52wk Low Date||2022-07-01|
|Year End Close||2.02||Yield||5.05|