Mutual Trend Analysis Report
Prepared for you on Sunday, August 25, 2019.
FIRST TRUST GNMA REINVESTMENT INCOME TRUST (GRIT) SRS 79 (NASDAQ:ZFGMX)
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 ZFGMX
The long term trend has been DOWN since Aug 24th, 2016 at 3.74
The intermediate term trend has been DOWN since Mar 29th, 2019 at 2.24
The short term trend has been UP since Aug 9th, 2019 at 2.05
Smart Scan Analysis for ZFGMX
Based on a pre-defined weighted trend formula for chart analysis, ZFGMX scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2.49||52wk High Date||2018-08-23|
|52wk Low||2.03||52wk Low Date||2019-07-31|
|Year End Close||2.32||Yield||6.05|