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Index Trend Analysis Report

Prepared for you on Friday, May 24, 2024.

First Trust Taxable Fixed Income Closed-End Fund Index (CME:TXCEF)

Sidelines Mode (-55) - TXCEF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

CME_TXCEF
Open High Low TXCEF Price Change
577.27 577.58 576.86 576.86 +0.62
Entry Signal

MarketClub’s Trade Triangles for TXCEF

long term down The long-term trend has been DOWN since Apr 15th, 2024 at 561.03

intermediate term up The intermediate-term trend has been UP since May 6th, 2024 at 576.39

short term down The short-term trend has been DOWN since May 23rd, 2024 at 578.60

Smart Scan Analysis for TXCEF

Based on our trend formula, TXCEF is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for TXCEF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
577.27 577.58 576.86 576.86 +0.62
Prev. Close Volume Bid Ask Time
576.24 0 2024-05-24 13:11:32
52wk High798.652wk High Date2018-01-09
52wk Low706.9652wk Low Date2018-11-23
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