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Index Trend Analysis Report

Prepared for you on Saturday, May 28, 2022.

First Trust Taxable Fixed Income Closed-End Fund Total Return Index (CME:TXCEFT)

Sidelines Mode (-55) - TXCEFT 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 TXCEFT?

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

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

CME_TXCEFT
Open High Low TXCEFT Price Change
2518.57 2544.50 2518.47 2543.93 +38.33
Entry Signal

MarketClub’s Trade Triangles for TXCEFT

long term down The long-term trend has been DOWN since Nov 30th, 2021 at 2943.33

intermediate term down The intermediate-term trend has been DOWN since Apr 14th, 2022 at 2639.92

short term up The short-term trend has been UP since May 23rd, 2022 at 2470.21

Smart Scan Analysis for TXCEFT

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

-55
Smart Scan Analysis for TXCEFT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2518.57 2544.50 2518.47 2543.93 +38.33
Prev. Close Volume Bid Ask Time
2543.93 0 2022-05-27 16:20:02
52wk High2343.2952wk High Date2018-09-13
52wk Low2166.5252wk Low Date2018-11-23
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