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Index Trend Analysis Report

Prepared for you on Tuesday, May 21, 2024.

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

Long-Term Uptrend (+90) - MNCEFT is in a strong uptrend that is likely to continue. While MNCEFT is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid MNCEFT?

MarketClub looks at technical strength and momentum to determine if the timing is right for MNCEFT.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_MNCEFT
Open High Low MNCEFT Price Change
2148.30 2149.18 2146.05 2146.16 -0.48
Entry Signal

MarketClub’s Trade Triangles for MNCEFT

long term up The long-term trend has been UP since Dec 1st, 2023 at 2003.80

intermediate term up The intermediate-term trend has been UP since May 6th, 2024 at 2103.85

short term up The short-term trend has been UP since May 15th, 2024 at 2141.25

Smart Scan Analysis for MNCEFT

Based on our trend formula, MNCEFT is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for MNCEFT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2148.30 2149.18 2146.05 2146.16 -0.48
Prev. Close Volume Bid Ask Time
2146.16 0 2024-05-20 16:20:02
52wk High2027.0352wk High Date2017-12-08
52wk Low1839.0252wk Low Date2018-10-30
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