Index Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
FIRST TRUST NORTH AMERICAN ENERGY INFRAS (PACF:EMLP.IV)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 EMLP.IV
The long term trend has been DOWN since Oct 11th, 2018 at 23.0367
The intermediate term trend has been DOWN since Aug 31st, 2018 at 23.9662
The short term trend has been UP since Oct 16th, 2018 at 23.4802
Smart Scan Analysis for EMLP.IV
Based on a pre-defined weighted trend formula for chart analysis, EMLP.IV scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||25.0526||52wk High Date||2017-10-18|
|52wk Low||21.4299||52wk Low Date||2018-03-26|