Mutual Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
THE FIRST TRUST COMBINED SRS 324 BUILD AMER BDS PTF SRS 16 (NASDAQ:FTMBAX)
Countertrend Down (-85) - FTMBAX 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 FTMBAX?
MarketClub looks at technical strength and momentum to determine if the timing is right for FTMBAX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FTMBAX
The long-term trend has been DOWN since Mar 17th, 2020 at 742.79
The intermediate-term trend has been DOWN since Sep 30th, 2020 at 690.08
The short-term trend has been UP since Nov 30th, 2020 at 549.51
Smart Scan Analysis for FTMBAX
Based on our trend formula, FTMBAX is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||787.58||52wk High Date||2020-03-09|
|52wk Low||543.24||52wk Low Date||2020-11-11|
|Year End Close||760.24||Yield||5.3|