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Index Trend Analysis Report
Prepared for you on Saturday, April 20, 2024.
First Trust Taxable Fixed Income Closed-End Fund Index (CME:TXCEF)
Countertrend Down (-85) - TXCEF is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid TXCEF?
MarketClub looks at technical strength and momentum to determine if the timing is right for TXCEF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for TXCEF
The long-term trend has been DOWN since Apr 15th, 2024 at 561.03
The intermediate-term trend has been DOWN since Apr 10th, 2024 at 577.54
The short-term trend has been UP since Apr 19th, 2024 at 560.55
Smart Scan Analysis for TXCEF
Based on our trend formula, TXCEF is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 560.30 | 561.48 | 560.18 | 560.70 | +0.84 |
| Prev. Close | Volume | Bid | Ask | Time |
| 560.70 | 0 | 2024-04-19 16:19:17 |
| 52wk High | 798.6 | 52wk High Date | 2018-01-09 |
| 52wk Low | 706.96 | 52wk Low Date | 2018-11-23 |