Mutual Trend Analysis Report
Prepared for you on Friday, October 18, 2019.
FT 7049: NEW YORK MUNICIPAL INCOME SELECT CLOSED-END PORTFOLIO SERIES (NASDAQ:FVLQBX)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 Sep 30th, 2019 at 9.88
The short term trend has been DOWN since Oct 9th, 2019 at 9.94
Smart Scan Analysis for FVLQBX
Based on a pre-defined weighted trend formula for chart analysis, FVLQBX scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||9.97000000||52wk High Date||2019-10-08|
|52wk Low||8.49000000||52wk Low Date||2018-10-30|
|Year End Close||8.66000000||Payment Date||2019-09-25|