Index Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
First Trust Municipal Closed-End Fund Total Return Index (CME:MNCEFT)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 UP since Jun 21st, 2019 at 2158.56
Smart Scan Analysis for MNCEFT
Based on a pre-defined weighted trend formula for chart analysis, MNCEFT scored +100 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|