Mutual Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
THE FIRST TRUST COMBINED SRS 324 BUILD AMER BDS PTF SRS 16 (NASDAQ:FTMBAX)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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 Jul 9th, 2019 at 827.80
The intermediate term trend has been DOWN since Dec 12th, 2019 at 764.86
The short term trend has been UP since Jan 10th, 2020 at 764.38
Smart Scan Analysis for FTMBAX
Based on a pre-defined weighted trend formula for chart analysis, FTMBAX scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||850.74||52wk High Date||2019-07-02|
|52wk Low||758.26||52wk Low Date||2019-11-08|
|Year End Close||760.24||Yield||5.3|