Mutual Trend Analysis Report
Prepared for you on Friday, May 24, 2019.
FT 7049: NEW YORK MUNICIPAL INCOME SELECT CLOSED-END PORTFOLIO SERIES (NASDAQ:FVLQBX)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 FVLQBX
The long term trend has been UP since Jan 3rd, 2019 at 8.81
The intermediate term trend has been UP since Apr 30th, 2019 at 9.42
The short term trend has been DOWN since May 24th, 2019 at 9.60
Smart Scan Analysis for FVLQBX
Based on a pre-defined weighted trend formula for chart analysis, FVLQBX scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2019||52wk High Date||2018-02-16|
|52wk Low||8.49||52wk Low Date||2018-10-30|
|Year End Close||8.66||Payment Date||2019-02-25|