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.
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 Oct 2nd, 2019 at 2264.94
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).
|52wk High||2027.03000000||52wk High Date||2017-12-08|
|52wk Low||1839.02000000||52wk Low Date||2018-10-30|