Mutual Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
THE FIRST TRUST COMBINED SRS 324 BUILD AMER BDS PTF SRS 16 (NASDAQ:FTMBAX)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for FTMBAX
The long term trend has been DOWN since Jan 9th, 2019 at 835.94
The intermediate term trend has been UP since Feb 8th, 2019 at 824.74
The short term trend has been UP since Feb 15th, 2019 at 824.50
Smart Scan Analysis for FTMBAX
Based on a pre-defined weighted trend formula for chart analysis, FTMBAX scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk High Date||2018-03-29|
|52wk Low||818.95||52wk Low Date||2019-01-18|
|Year End Close||851.49||Yield||5.3|