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Index Trend Analysis Report
Prepared for you on Thursday, April 18, 2024.
First Trust Municipal Closed-End Fund Index (CME:MNCEF)
Weak Downtrend (-65) - MNCEF is showing signs of a strengthening downtrend. Monitor MNCEF as it may be building momentum to the downside.
Is it time to buy, sell, or avoid MNCEF?
MarketClub looks at technical strength and momentum to determine if the timing is right for MNCEF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MNCEF
The long-term trend has been UP since Dec 1st, 2023 at 735.79
The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 765.73
The short-term trend has been DOWN since Apr 1st, 2024 at 770.06
Smart Scan Analysis for MNCEF
Based on our trend formula, MNCEF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-70
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 750.08 | 750.49 | 747.81 | 747.89 | -2.73 |
| Prev. Close | Volume | Bid | Ask | Time |
| 750.62 | 0 | 2024-04-18 14:43:32 |
| 52wk High | 990.51 | 52wk High Date | 2017-12-07 |
| 52wk Low | 857.19 | 52wk Low Date | 2018-10-30 |
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