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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.
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MarketClub’s Trade Triangles for FTMANX
The long-term trend has been DOWN since Nov 2nd, 2020 at 1111.89
The intermediate-term trend has been DOWN since Jan 8th, 2021 at 1114.86
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).
| 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 High | 1160.42 | 52wk High Date | 2020-11-03 |
| 52wk Low | 1030.91 | 52wk Low Date | 2020-03-20 |
| Year End Close | 1117.849984 | Payment Date | 2020-05-25 |