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

Grade Last Price % Change Price Change
grade C 20.51 0.64% 0.13
EMLP closed up 0.64 percent on Friday, May 22, 2020, on 25 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up
Historical EMLP trend table...

Date Alert Name Type % Chg
20 DMA Support Bullish 0.00%
Overbought Stochastic Strength 0.00%
Stochastic Reached Overbought Strength 0.64%
Overbought Stochastic Strength 0.64%
Narrow Range Bar Range Contraction -0.29%
Upper Bollinger Band Touch Strength -0.29%
MACD Bullish Signal Line Cross Bullish 0.84%
Narrow Range Bar Range Contraction 0.84%
NR7 Range Contraction 0.84%
NR7-2 Range Contraction 0.84%

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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.
Exchange Traded Fund ETF Corporate Finance Income Trust Master Limited Partnership Taxation In Canada Organizations Energy Infrastructure Sector Business Law

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 26.48
52 Week Low 14.29
Average Volume 1,249,001
200-Day Moving Average 23.49
50-Day Moving Average 18.80
20-Day Moving Average 20.11
10-Day Moving Average 20.11
Average True Range 0.60
ADX 11.14
+DI 27.22
-DI 26.38
Chandelier Exit (Long, 3 ATRs ) 19.26
Chandelier Exit (Short, 3 ATRs ) 20.62
Upper Bollinger Band 20.85
Lower Bollinger Band 19.37
Percent B (%b) 0.77
BandWidth 7.35
MACD Line 0.24
MACD Signal Line 0.20
MACD Histogram 0.04
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 21.16
Resistance 3 (R3) 21.09 20.82 21.05
Resistance 2 (R2) 20.82 20.65 20.85 21.01
Resistance 1 (R1) 20.66 20.55 20.74 20.73 20.98
Pivot Point 20.39 20.39 20.43 20.42 20.39
Support 1 (S1) 20.23 20.22 20.31 20.30 20.04
Support 2 (S2) 19.96 20.12 19.99 20.01
Support 3 (S3) 19.80 19.96 19.97
Support 4 (S4) 19.87