Technical Analysis for FFA - First Trust Enhanced Equity Income Fund

Grade Last Price % Change Price Change
C 18.66 0.97% 0.18
FFA closed up 0.97 percent on Monday, May 6, 2024, on 1.26 times normal volume. 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
Pocket Pivot Bullish Swing Setup 0.00%
Stochastic Reached Overbought Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
Crossed Above 50 DMA Bullish 0.97%
NR7 Range Contraction 0.97%
Narrow Range Bar Range Contraction 0.97%
Gapped Up Strength 0.97%

   Recent Intraday Alerts

Alert Time
Rose Above Upper Bollinger Band about 4 hours ago
Up 1% about 4 hours ago
Up 1 ATR about 4 hours ago
Rose Above Previous Day's High about 8 hours ago
Possible NR7 3 days ago

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Profile

First Trust Enhanced Equity Income Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Chartwell Investment Partners, L.P. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across the diversified sectors. It also writes covered call options. The fund benchmarks the performance of its portfolio against the S&P 500 Index. It was formerly known as First Trust/Fiduciary Asset Management Covered Call Fund. First Trust Enhanced Equity Income Fund was formed on August 26, 2004 and is domiciled in the United States.
Classification

Keywords: Exchange Traded Fund ETF Stock Fund Mutual Fund S&P 500 Index CBOE Covered Call Castlestone Management

Is FFA 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 19.09
52 Week Low 15.1977
Average Volume 23,079
200-Day Moving Average 17.44
50-Day Moving Average 18.45
20-Day Moving Average 18.28
10-Day Moving Average 18.36
Average True Range 0.22
RSI (14) 59.02
ADX 14.96
+DI 28.14
-DI 22.62
Chandelier Exit (Long, 3 ATRs) 18.05
Chandelier Exit (Short, 3 ATRs) 18.52
Upper Bollinger Bands 18.72
Lower Bollinger Band 17.85
Percent B (%b) 0.93
BandWidth 4.79
MACD Line 0.00
MACD Signal Line -0.05
MACD Histogram 0.0452
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 18.91
Resistance 3 (R3) 18.90 18.80 18.87
Resistance 2 (R2) 18.80 18.74 18.81 18.85
Resistance 1 (R1) 18.73 18.70 18.77 18.74 18.84
Pivot Point 18.64 18.64 18.66 18.64 18.64
Support 1 (S1) 18.57 18.58 18.60 18.58 18.48
Support 2 (S2) 18.47 18.54 18.48 18.47
Support 3 (S3) 18.40 18.47 18.45
Support 4 (S4) 18.41