Mutual Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
FIRST TRUST GNMA REINVESTMENT INCOME TRUST (GRIT) SRS 79 (NASDAQ:ZFGMX)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 ZFGMX
The long term trend has been DOWN since Jan 28th, 2017 at 3.41
The intermediate term trend has been DOWN since Mar 29th, 2019 at 2.24
The short term trend has been DOWN since Oct 28th, 2019 at 2.00
Smart Scan Analysis for ZFGMX
Based on a pre-defined weighted trend formula for chart analysis, ZFGMX scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2.32||52wk High Date||2019-01-28|
|52wk Low||1.89||52wk Low Date||2019-12-30|
|Year End Close||1.89||Yield||6.05|