Mutual Trend Analysis Report
Prepared for you on Sunday, September 15, 2019.
THE FIRST TRUST COMBINED SERIES 283: TAX-EXEMPT MUNI INCM TR SRS 240 (NASDAQ:FTXMLX)
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 FTXMLX
The long term trend has been UP since Jul 8th, 2019 at 277.50
The intermediate term trend has been DOWN since Sep 9th, 2019 at 283.55
The short term trend has been DOWN since Sep 3rd, 2019 at 284.69
Smart Scan Analysis for FTXMLX
Based on a pre-defined weighted trend formula for chart analysis, FTXMLX scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||366.4||52wk High Date||2019-01-31|
|52wk Low||266.85||52wk Low Date||2019-03-07|
|Year End Close||364.24||Yield||4.76|