Analyze Symbol

Index Trend Analysis Report

Prepared for you on Tuesday, September 17, 2019.

First Trust Municipal Closed-End Fund Index (CME:MNCEF)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

CME_MNCEF
Open High Low MNCEF Price Change
978.17 982.15 978.17 982.11 +5.74
Entry Signal

MarketClub’s Trade Triangles for MNCEF

long term up The long term trend has been UP since Dec 18th, 2018 at 925.03

intermediate term down The intermediate term trend has been DOWN since Sep 9th, 2019 at 1010.70

short term down The short term trend has been DOWN since Sep 5th, 2019 at 1015.26

Smart Scan Analysis for MNCEF

Based on a pre-defined weighted trend formula for chart analysis, MNCEF scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for MNCEF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
978.17 982.15 978.17 982.11 +5.74
Prev. Close Volume Bid Ask Time
966.68 0 2019-09-17 18:26:56
52wk High990.5152wk High Date2017-12-07
52wk Low857.1952wk Low Date2018-10-30
Want to analyze First Trust Municipal Closed-End Fund Index MNCEF or another symbol? Try our Free Index Trend Analysis Report.