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Stock Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

First Trust New Opportunities MLP & Energy Fund Common Shares of Beneficial Interest (NYSE:FPL)

Crossroads (-60) - FPL is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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

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

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

NYSE_FPL
Open High Low FPL Price Change
7.4500 7.5000 7.4500 7.4809 +0.0709
Entry Signal

MarketClub’s Trade Triangles for FPL

long term up The long-term trend has been UP since Oct 24th, 2023 at 6.5200

intermediate term down The intermediate-term trend has been DOWN since Apr 15th, 2024 at 7.4700

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 7.6401

Smart Scan Analysis for FPL

Based on our trend formula, FPL is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for FPL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.4500 7.5000 7.4500 7.4809 +0.0709
Prev. Close Volume Bid Ask Time
7.4100 6734 2024-04-18 11:51:36
Year High13.49Year High Date2018-01-24
Year Low8.2537Year Low Date2018-11-20
52wk High7.7752wk High Date2024-04-04
52wk Low5.6552wk Low Date2023-06-01
Average Volume51,774Market Cap239M
Assets230,883,414MLiabilities62,757,269M
P/E Ratio23.6923Volatility20.81
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