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Index Trend Analysis Report

Prepared for you on Tuesday, July 23, 2024.

First Trust Composite Closed-End Fund Index (CME:UPCEF)

Countertrend Up (+85) - UPCEF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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

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

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

CME_UPCEF
Open High Low UPCEF Price Change
629.42 631.40 629.12 631.40 +3.87
Entry Signal

MarketClub’s Trade Triangles for UPCEF

long term up The long-term trend has been UP since Dec 14th, 2023 at 587.61

intermediate term up The intermediate-term trend has been UP since Jun 12th, 2024 at 621.69

short term down The short-term trend has been DOWN since Jul 17th, 2024 at 633.97

Smart Scan Analysis for UPCEF

Based on our trend formula, UPCEF is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for UPCEF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
629.42 631.40 629.12 631.40 +3.87
Prev. Close Volume Bid Ask Time
631.40 0 2024-07-22 16:20:02
52wk High791.752wk High Date2018-01-24
52wk Low682.9952wk Low Date2018-11-23
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