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Mutual Trend Analysis Report

Prepared for you on Sunday, January 24, 2021.

THE FIRST TRUST COMBINED SERIES 502: TAX EXEMPT MUNICIPAL INCOME TRUST (NASDAQ:FTMANX)

Countertrend Down (-85) - FTMANX is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid FTMANX?

MarketClub looks at technical strength and momentum to determine if the timing is right for FTMANX.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_FTMANX
Open High Low FTMANX Price Change
1114.05 1114.05 1114.05 1113.89 -0.16
Entry Signal

MarketClub’s Trade Triangles for FTMANX

long term down The long-term trend has been DOWN since Nov 2nd, 2020 at 1111.89

intermediate term down The intermediate-term trend has been DOWN since Jan 8th, 2021 at 1114.86

short term up The short-term trend has been UP since Jan 20th, 2021 at 1113.97

Smart Scan Analysis for FTMANX

Based on our trend formula, FTMANX is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for FTMANX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1114.05 1114.05 1114.05 1113.89 -0.16
Prev. Close Volume Bid Ask Time
1114.05 0 1113.89 1160.42 2021-01-22 20:00:00
52wk High1160.4252wk High Date2020-11-03
52wk Low1030.9152wk Low Date2020-03-20
Year End Close1117.849984Payment Date2020-05-25
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