Mutual Trend Analysis Report
Prepared for you on Tuesday, May 26, 2020.
FT 6040: CORPORATE HIGH INCOME PORTFOLIO SERIES 20 (NASDAQ:FTJYLX)
Bull Market Weakness (+75) - FTJYLX is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on FTJYLX as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid FTJYLX?
MarketClub looks at technical strength and momentum to determine if the timing is right for FTJYLX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FTJYLX
The long-term trend has been DOWN since Oct 9th, 2019 at 953.81
The intermediate-term trend has been UP since Apr 13th, 2020 at 835.64
The short-term trend has been UP since May 12th, 2020 at 856.92
Smart Scan Analysis for FTJYLX
Based on our trend formula, FTJYLX is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||963.52||52wk High Date||2019-10-04|
|52wk Low||781.54||52wk Low Date||2020-03-23|
|Year End Close||918.01||Payment Date||2020-01-25|