Technical Analysis for FPL - First Trust New Opportunities MLP & Energy Fund

Grade Last Price % Change Price Change
grade F 4.1 -0.49% -0.02
FPL closed down 0.49 percent on Thursday, August 6, 2020, on 68 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.

Trend Table & Recent Signals

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

Date Alert Name Type % Chg
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -0.49%
Bollinger Band Squeeze Range Contraction -0.49%
NR7 Range Contraction -0.49%
Crossed Above 20 DMA Bullish 1.23%
Bollinger Band Squeeze Range Contraction 1.23%

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Profile

First Trust New Opportunities MLP & Energy Fund is a closed-ended balanced mutual fund launched by First Trust Portfolios L.P. It is co-managed by First Trust Advisors L.P. and Energy Income Partners LLC. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating in the energy and utilities sectors. The fund primarily invests in equity and debt securities of MLPs and MLP related entities, as well as in dividend paying growth stocks of other energy and energy utilities companies. It benchmarks the performance of its portfolio against the S&P 500 Index, Alerian MLP Total Return Index, and Wells Fargo Midstream MLP Total Return Index. First Trust New Opportunities MLP & Energy Fund was formed on October 15, 2013 and is domiciled in the United States.
Exchange Traded Fund ETF Energy S&P 500 Index CBOE Master Limited Partnership Steelpath Utilities Sectors Utilities

Is FPL 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 9.63
52 Week Low 2.6
Average Volume 165,055
200-Day Moving Average 6.43
50-Day Moving Average 4.43
20-Day Moving Average 4.05
10-Day Moving Average 4.05
Average True Range 0.13
ADX 18.06
+DI 17.76
-DI 20.36
Chandelier Exit (Long, 3 ATRs ) 3.81
Chandelier Exit (Short, 3 ATRs ) 4.24
Upper Bollinger Band 4.19
Lower Bollinger Band 3.90
Percent B (%b) 0.68
BandWidth 7.27
MACD Line -0.07
MACD Signal Line -0.10
MACD Histogram 0.0296
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 4.19
Resistance 3 (R3) 4.20 4.17 4.18
Resistance 2 (R2) 4.17 4.14 4.17 4.17
Resistance 1 (R1) 4.13 4.13 4.12 4.13 4.17
Pivot Point 4.11 4.11 4.10 4.10 4.11
Support 1 (S1) 4.07 4.08 4.06 4.07 4.03
Support 2 (S2) 4.04 4.07 4.04 4.03
Support 3 (S3) 4.01 4.04 4.02
Support 4 (S4) 4.01