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Stock Trend Analysis Report

Prepared for you on Thursday, September 28, 2023.

First Trust New Opportunities MLP & Energy Fund Common Shares of Beneficial Interest (NYSE:FPL)

Bull Market Weakness (+75) - FPL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on FPL as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid FPL?

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

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

NYSE_FPL
Open High Low FPL Price Change
6.3400 6.4099 6.3200 6.3733 +0.0483
Entry Signal

MarketClub’s Trade Triangles for FPL

long term up The long-term trend has been UP since Jul 21st, 2023 at 6.2900

intermediate term up The intermediate-term trend has been UP since Sep 22nd, 2023 at 6.4700

short term down The short-term trend has been DOWN since Sep 25th, 2023 at 6.3538

Smart Scan Analysis for FPL

Based on our trend formula, FPL is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for FPL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.3400 6.4099 6.3200 6.3733 +0.0483
Prev. Close Volume Bid Ask Time
6.3250 38130 2023-09-27 15:56:53
Year High13.49Year High Date2018-01-24
Year Low8.2537Year Low Date2018-11-20
52wk High6.5252wk High Date2023-09-25
52wk Low5.1652wk Low Date2023-03-24
Average Volume51,531Market Cap239M
Assets230,883,414MLiabilities62,757,269M
P/E Ratio24.3269Volatility20.81
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