Technical Analysis for EMLP - First Trust North American Energy Infrastructure Fund
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
24.08 | 0.12% | 0.03 |
EMLP closed up 0.12 percent on Wednesday, February 20, 2019, on 24 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.
| ADX | Long-Term | Intermediate-Term | Short-Term |
|---|---|---|---|
| Weak or Absent | Up | Up | Up |
| See historical EMLP trend table... | |||
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Feb 20 | Cup with Handle | Other | 0.00% |
| Feb 20 | Spinning Top | Other | 0.00% |
| Feb 20 | Upper Bollinger Band Walk | Strength | 0.00% |
| Feb 20 | Overbought Stochastic | Strength | 0.00% |
| Feb 20 | Up 3 Days in a Row | Strength | 0.00% |
| Feb 20 | Up 4 Days in a Row | Strength | 0.00% |
| Feb 20 | Up 5 Days in a Row | Strength | 0.00% |
| Feb 20 | Upper Bollinger Band Touch | Strength | 0.00% |
| Feb 19 | Expansion Breakout | Bullish Swing Setup | 0.12% |
| Feb 19 | Above Upper BB | Strength | 0.12% |
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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.
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Corporate Finance Alerian Legal Entities Income Trust Master Limited Partnership Taxation In Canada Organizations Energy Infrastructure Sector Business Law
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength | |||
| Summary: | Counts: 3 bullish, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies. | ||
Indicators
| Indicator | Value |
|---|---|
| 52 Week High | 24.56 |
| 52 Week Low | 20.4 |
| Average Volume | 1,271,515 |
| 200-Day Moving Average | 23.2292 |
| 50-Day Moving Average | 22.7878 |
| 20-Day Moving Average | 23.487 |
| 10-Day Moving Average | 23.655 |
| Average True Range | 0.2348 |
| ADX | 21.01 |
| +DI | 37.6442 |
| -DI | 16.6672 |
| Chandelier Exit (Long, 3 ATRs ) | 23.4456 |
| Chandelier Exit (Short, 3 ATRs ) | 23.5344 |
| Upper Bollinger Band | 24.0903 |
| Lower Bollinger Band | 22.8837 |
| Percent B (%b) | 0.99 |
| BandWidth | 5.13731 |
| MACD Line | 0.3051 |
| MACD Signal Line | 0.2717 |
| MACD Histogram | 0.0334 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 24.35 | ||||
| Resistance 3 (R3) | 24.34 | 24.25 | 24.31 | ||
| Resistance 2 (R2) | 24.25 | 24.18 | 24.25 | 24.29 | |
| Resistance 1 (R1) | 24.16 | 24.14 | 24.21 | 24.17 | 24.27 |
| Pivot Point | 24.07 | 24.07 | 24.09 | 24.07 | 24.07 |
| Support 1 (S1) | 23.98 | 24.00 | 24.03 | 23.99 | 23.89 |
| Support 2 (S2) | 23.89 | 23.96 | 23.89 | 23.87 | |
| Support 3 (S3) | 23.80 | 23.89 | 23.86 | ||
| Support 4 (S4) | 23.81 |
