Index Trend Analysis Report
Prepared for you on Wednesday, April 25, 2018.
FIRST TRUST COMPOSITE CLOSED-END FUND INC (CME:UPCEF)
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 UPCEF
The long term trend has been DOWN since Feb 5th, 2018 at 757.05
The intermediate term trend has been UP since Apr 17th, 2018 at 748.08
The short term trend has been DOWN since Apr 20th, 2018 at 746.45
Smart Scan Analysis for UPCEF
Based on a pre-defined weighted trend formula for chart analysis, UPCEF scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||791.7||52wk High Date||2018-01-24|
|52wk Low||732.1||52wk Low Date||2018-03-23|