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Stock Trend Analysis Report

Prepared for you on Monday, October 18, 2021.

First Trust Municipal CEF Income Opportunity ETF (NASDAQ:MCEF)

Countertrend Down (-85) - MCEF 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 MCEF?

MarketClub looks at technical strength and momentum to determine if the timing is right for MCEF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_MCEF
Open High Low MCEF Price Change
20.93 20.93 20.81 20.82 -0.05
Entry Signal

MarketClub’s Trade Triangles for MCEF

long term down The long-term trend has been DOWN since Sep 28th, 2021 at 21.0000

intermediate term down The intermediate-term trend has been DOWN since Sep 7th, 2021 at 21.4710

short term up The short-term trend has been UP since Oct 7th, 2021 at 20.7758

Smart Scan Analysis for MCEF

Based on our trend formula, MCEF is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for MCEF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.93 20.93 20.81 20.82 -0.05
Prev. Close Volume Bid Ask Time
20.82 4208 2021-10-15 15:59:31
Year High19.04Year High Date2018-01-09
Year Low16.96Year Low Date2018-10-31
52wk High23.2152wk High Date2021-08-02
52wk Low18.6852wk Low Date2020-10-28
Average Volume9,583Shares Outstanding100
Market Cap10MVolatility5.35
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