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Index Trend Analysis Report

Prepared for you on Thursday, October 17, 2019.

First Trust Municipal Closed-End Fund Total Return Index (CME:MNCEFT)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.

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_MNCEFT
Open High Low MNCEFT Price Change
2256.40 2257.02 2250.10 2250.54 -5.58
Entry Signal

MarketClub’s Trade Triangles for MNCEFT

long term up The long term trend has been UP since Dec 18th, 2018 at 1967.82

intermediate term up The intermediate term trend has been UP since Oct 2nd, 2019 at 2264.94

short term down The short term trend has been DOWN since Oct 10th, 2019 at 2262.27

Smart Scan Analysis for MNCEFT

Based on a pre-defined weighted trend formula for chart analysis, MNCEFT scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+55
Smart Scan Analysis for MNCEFT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2256.40 2257.02 2250.10 2250.54 -5.58
Prev. Close Volume Bid Ask Time
2269.57 0 2019-10-17 16:19:47
52wk High2027.0300000052wk High Date2017-12-08
52wk Low1839.0200000052wk Low Date2018-10-30
Want to analyze First Trust Municipal Closed-End Fund Total Return Index MNCEFT or another symbol? Try our Free Index Trend Analysis Report.