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

Grade Last Price % Change Price Change
A 29.57 -0.57% -0.17
EMLP closed down 0.57 percent on Friday, April 26, 2024, on 55 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
New 52 Week Closing High Bullish -0.57%
Overbought Stochastic Strength -0.57%
Up 3 Days in a Row Strength -0.57%
Up 4 Days in a Row Strength -0.57%
Up 5 Days in a Row Strength -0.57%
Gapped Down Weakness -0.57%
MACD Bullish Signal Line Cross Bullish -0.40%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 8 hours ago
Possible Inside Day about 8 hours ago
60 Minute Opening Range Breakdown about 11 hours ago
Reversed from Down 1 day ago
Gap Down Closed 1 day 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 A 0.45 8.51
ET A 0.13 7.34
OKE A -0.39 5.68
PAGP A -0.85 5.29
KMI A -0.64 4.42
DTM A -0.85 4.12
MPLX A 0.17 3.97
SRE B -0.92 3.30
NFG A -1.95 3.07
TRGP A -0.70 3.03

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 29.79
52 Week Low 24.6411
Average Volume 197,569
200-Day Moving Average 27.20
50-Day Moving Average 28.68
20-Day Moving Average 29.26
10-Day Moving Average 29.11
Average True Range 0.33
RSI (14) 60.47
ADX 27.18
+DI 28.02
-DI 17.76
Chandelier Exit (Long, 3 ATRs) 28.80
Chandelier Exit (Short, 3 ATRs) 29.17
Upper Bollinger Bands 30.11
Lower Bollinger Band 28.41
Percent B (%b) 0.68
BandWidth 5.83
MACD Line 0.22
MACD Signal Line 0.18
MACD Histogram 0.0334
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 29.83
Resistance 3 (R3) 29.85 29.79 29.79
Resistance 2 (R2) 29.79 29.72 29.78 29.77
Resistance 1 (R1) 29.68 29.68 29.65 29.66 29.76
Pivot Point 29.61 29.61 29.60 29.60 29.61
Support 1 (S1) 29.51 29.55 29.47 29.48 29.38
Support 2 (S2) 29.44 29.51 29.43 29.37
Support 3 (S3) 29.33 29.44 29.36
Support 4 (S4) 29.31