Index Trend Analysis Report
Prepared for you on Friday, May 24, 2019.
FIRST TRUST MUNI CLOSED-END FUND TO (CME:MNCEFT)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 MNCEFT
The long term trend has been UP since Dec 18th, 2018 at 1967.82
The intermediate term trend has been UP since Apr 30th, 2019 at 2098.63
The short term trend has been DOWN since May 21st, 2019 at 2125.92
Smart Scan Analysis for MNCEFT
Based on a pre-defined weighted trend formula for chart analysis, MNCEFT scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2027.03||52wk High Date||2017-12-08|
|52wk Low||1839.02||52wk Low Date||2018-10-30|