Technical Analysis for EMLP - First Trust North American Energy Infrastructure Fund

Grade Last Price % Change Price Change
A 30.00 0.60% 0.18
EMLP closed up 0.6 percent on Monday, May 6, 2024, on approximately normal volume. The bulls were able to push the stock to a new 52-week high. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
New 52 Week High Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
New 52 Week Closing High Bullish 0.60%
New 52 Week High Strength 0.60%
Gapped Up Strength 0.60%
Overbought Stochastic Strength 0.60%
Gapped Up Strength 1.11%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 8 hours ago
Rose Above Previous Day's High about 12 hours ago
New 52 Week High about 12 hours ago
Gap Up Closed 3 days ago
60 Minute Opening Range Breakdown 3 days ago

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Profile

The investment seeks total return. The fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in equity securities of companies deemed by the sub-advisor to be engaged in the energy infrastructure sector. These companies principally include publicly-traded master limited partnerships and limited liability companies taxed as partnerships ("MLPs"), MLP affiliates, Canadian income trusts and their successor companies, pipeline companies, utilities, and other companies. It is non-diversified.
Classification

Keywords: Exchange Traded Fund ETF Income Trust Master Limited Partnership Energy Infrastructure Energy Infrastructure Sector Limited Partnership

Top 10 Components

Symbol Grade Price % Change Allocation
EPD B 0.96 8.10
ET A 1.07 7.29
PAGP B -0.16 4.98
OKE B 1.09 4.77
KMI A 0.22 4.38
MPLX A 0.36 4.05
SRE B -0.29 4.01
DTM A 1.06 3.99
NFG A 1.28 3.01
PEG A 1.26 2.72

Is EMLP a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 30.03
52 Week Low 24.6411
Average Volume 186,503
200-Day Moving Average 27.28
50-Day Moving Average 28.92
20-Day Moving Average 29.30
10-Day Moving Average 29.65
Average True Range 0.32
RSI (14) 64.03
ADX 23.2
+DI 28.77
-DI 18.01
Chandelier Exit (Long, 3 ATRs) 29.07
Chandelier Exit (Short, 3 ATRs) 29.14
Upper Bollinger Bands 30.25
Lower Bollinger Band 28.36
Percent B (%b) 0.87
BandWidth 6.45
MACD Line 0.25
MACD Signal Line 0.22
MACD Histogram 0.0346
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 30.26
Resistance 3 (R3) 30.24 30.14 30.22
Resistance 2 (R2) 30.14 30.07 30.15 30.21
Resistance 1 (R1) 30.07 30.03 30.10 30.09 30.19
Pivot Point 29.96 29.96 29.98 29.97 29.96
Support 1 (S1) 29.89 29.89 29.93 29.91 29.81
Support 2 (S2) 29.79 29.85 29.80 29.79
Support 3 (S3) 29.72 29.79 29.78
Support 4 (S4) 29.74