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.
MarketClub’s Trade Triangles for TXCEFT
The long-term trend has been DOWN since Nov 30th, 2021 at 2943.33
The intermediate-term trend has been DOWN since Apr 14th, 2022 at 2639.92
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).
|52wk High||2343.29||52wk High Date||2018-09-13|
|52wk Low||2166.52||52wk Low Date||2018-11-23|