Index Trend Analysis Report
Prepared for you on Friday, November 17, 2017.
FIRST TRUST COMPOSITE CLOSED-END FUND INC (CME:UPCEF)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 UPCEF
The long term trend has been DOWN since Aug 10th, 2017 at 767.25
The intermediate term trend has been DOWN since Oct 23rd, 2017 at 782.63
The short term trend has been UP since Nov 17th, 2017 at 765.17
Smart Scan Analysis for UPCEF
Based on a pre-defined weighted trend formula for chart analysis, UPCEF scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||790.54||52wk High Date||2017-08-02|
|52wk Low||714.37||52wk Low Date||2016-11-18|