Technical analysis from First Trust Energy Income and Growth Fund (FEN, AMEX:FEN) on the American Stock Exchange (AMEX). Download the latest price data & trading signals

First Trust Energy Income and Growth Fund
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Envelope bands Oversold signal is still current for First Trust Energy Income and Growth Fund [Bullish]
Moving Average Envelope /
Envelope bands Oversold signal is still current for First Trust Energy Income and Growth Fund [Bullish]

[BULLISH]: First Trust Energy Income and Growth Fund current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 21.603.

First Trust Energy Income and Growth Fund: Closed Window
Closed Window /
First Trust Energy Income and Growth Fund: Closed Window

[BEARISH]: First Trust Energy Income and Growth Fund has Gapped Down on previous bar.

Volume /
[Bullish]: First Trust Energy Income and Growth Fund has beaten previous volume by 16.3

[BULLISH]: First Trust Energy Income and Growth Fund current volume uptrend in the first timeframe. Volume for FEN is 50833 (16.3).

Elder Ray Index /
Bear power has increased for First Trust Energy Income and Growth Fund signalling bearish conditions are likely

[BEARISH]: First Trust Energy Income and Growth Fund Elder Ray Index is signalling a Bearish movementERI is -0.55 indicating bear power. Prices are being driven below the consensus of value for FEN during the last trading session [Selling Pressure]

Range Tod Vs Range Yest /
Sellers are still less eager for First Trust Energy Income and Growth Fund given the price range is contracting

[WEAK BULLISH]: First Trust Energy Income and Growth Fund sellers are becoming less eager. There has been 2 consecutive days of range increase for FEN reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $1.5100 & the greatest daily price range this year has been $6.6000. The price range ratio this week versus the quarterly price range is 0.7x & the price range ratio this month versus the year to date price range is 0.2x.

High Price /
First Trust Energy Income and Growth Fund has failed to achieve a lower high of $22.66 (-1.9 %)

[BEARISH]: First Trust Energy Income and Growth Fund current downtrend in the first timeframe. Currently, the HIGH is -1.9 %.

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Volume Rate of Change /
First Trust Energy Income and Growth Fund:Volume rate of Change (26)

[BULLISH]: First Trust Energy Income and Growth Fund currently has positive volume of change of 26%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -1%.

Average Directional Movement /
First Trust Energy Income and Growth Fund has signalled an Average Directional Index weak trend present

[Weak Trend]: ADX for FEN has confirmed a weak trend is present. First Trust Energy Income and Growth Fund has an ATR(14) of 0.367, a DX of 1.52 & an ADX(14) of 21.96

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CMF highlights continued positive divergence for First Trust Energy Income and Growth Fund
Chaikin Money Flow /
CMF highlights continued positive divergence for First Trust Energy Income and Growth Fund

FEN: Chaikin Oscillator Recent Trading -> (1) 25 May: 0.05 (2) 24 May: 0.12 (3) 23 May: 0.16

First Trust Energy Income and Growth Fund: Aroon oscillator (76) has confirmed a strong uptrend is present
Aroon Oscillator /
First Trust Energy Income and Growth Fund: Aroon oscillator (76) has confirmed a strong uptrend is present

[BULLISH]: First Trust Energy Income and Growth Fund has a current ARU(25) of 80 and a current ARD(25) of 4

Detrended Price Oscillator /
Daily trading has now confirmed a DPO(20) bearish crossover for First Trust Energy Income and Growth Fund

[BEARISH]: First Trust Energy Income and Growth Fund currently has a confirmed downtrend. Price is currently below the displaced moving average for FEN. Currently, the return on DPO20 is -1.0%.

Simple Moving Average /
FEN: Price continues to move below the SMA(5) @$22.96

FEN: SMA(5) Current Signal -> (1) 25 May: BEARISH (2) 24 May: BEARISH (3) 23 May: BEARISH

Triangular Moving Average /
[Bearish]: TMA(5) is serving as a resistance line for First Trust Energy Income and Growth Fund

[BEARISH]: First Trust Energy Income and Growth Fund currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -1.0%.

Negative momentum for First Trust Energy Income and Growth Fund is a leading indicator for continued price falls
Momentum /
Negative momentum for First Trust Energy Income and Growth Fund is a leading indicator for continued price falls

[BEARISH]: First Trust Energy Income and Growth Fund currently has negative momentum of -0.71 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -1%.The largest downward momentum rally for the last 3 months is 3 days producing a return of -1.9%.

Stochastic Oscillator oversold signal has just been triggered for First Trust Energy Income and Growth Fund
Stochastic Oscillator /
Stochastic Oscillator oversold signal has just been triggered for First Trust Energy Income and Growth Fund

[BULLISH]: First Trust Energy Income and Growth Fund is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Exponential Moving Average /
The EMA trend following signal is still current for First Trust Energy Income and Growth Fund [Bearish]

[BEARISH]: First Trust Energy Income and Growth Fund currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -1.0%.

Gap Down /
A short term Gap Down has formed with First Trust Energy Income and Growth Fund

[BULLISH]: A short term Gap Down has formed with First Trust Energy Income and Growth Fund which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 10 occurrences of this bar reversal giving a signal probability of 3.8%.

Closing Price /
Recent trading for First Trust Energy Income and Growth Fund fell short of the previous close by -1.0 %

FEN: CLOSE Current Signal -> (1) 25 May: BEARISH (2) 24 May: BEARISH (3) 23 May: BEARISH

FEN Basic Candle: Black
Black Candle /
FEN Basic Candle: Black

FEN: Basic Candlestick Current Signal -> (1) 25 May: BEARISH (2) 24 May: BEARISH (3) 23 May: BEARISH

Daily trading has maintained an Uptrend medium trend for First Trust Energy Income and Growth Fund
Medium Trend /
Daily trading has maintained an Uptrend medium trend for First Trust Energy Income and Growth Fund

[BULLISH]: First Trust Energy Income and Growth Fund is in an uptrend in the medium term timeframe. The current rally number is 12 & the highest rally count for the LTM is 12. The highest rally for the month is 19

[Low Stress]: Low drawdown associated with recent trading of FEN
Ulcer Index /
[Low Stress]: Low drawdown associated with recent trading of FEN

[BEARISH]: First Trust Energy Income and Growth Fund UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.29.

Fibonacci Extensions /
[Short]: Limit orders for First Trust Energy Income and Growth Fund should be set at $10.76

First Trust Energy Income and Growth Fund has moved above the 161.8% level ($10.76) [Bearish]. Look for a short limit order entry near this point. Exit price for FEN should be set @$10.56 & short position stoploss for First Trust Energy Income and Growth Fund should be set at $10.96

Elders Force Index /
[Selling Pressure]: EFI (-1202) confirms bearish conditions for First Trust Energy Income and Growth Fund

[BEARISH]: First Trust Energy Income and Growth Fund current price has highlighted recent selling pressure. Currently, the Elders Force Index is -1202.

Pivot Points /
First Trust Energy Income and Growth Fund: Look for a short limit order entry @$22.38

First Trust Energy Income and Growth Fund has broken the first support point ($22.38) [Bearish]. Look for a short limit order entry near this point. Exit price for FEN should be set @$22.21 & short position stoploss for First Trust Energy Income and Growth Fund should be set between $22.83 & $23

Weighted Moving Average /
[Bearish]: Trend following indicator for FEN highlights downward price direction is likely

FEN: WMA Current Signal -> (1) 25 May: BEARISH (2) 24 May: BEARISH (3) 23 May: BEARISH

First Trust Energy Income and Growth Fund has moved below the S1 DeMark pivot point ($22.4775) [Bearish]
Demarks Pivot Points /
First Trust Energy Income and Growth Fund has moved below the S1 DeMark pivot point ($22.4775) [Bearish]

First Trust Energy Income and Growth Fund has broken the first DeMark support point ($22.4775) [Bearish]. Look for a short limit order entry near this point. Exit price for FEN should be set @$22.2950 & short position stoploss for First Trust Energy Income and Growth Fund should be set at $22.605

First Trust Energy Income and Growth Fund was easily moved downward on low volume in recent trading [Bearish]
Ease of Movement /
First Trust Energy Income and Growth Fund was easily moved downward on low volume in recent trading [Bearish]

[BEARISH]: First Trust Energy Income and Growth Fund current price have moved downwards on low volume. Currently, the Ease of Movement is -234.788

MACD /
First Trust Energy Income and Growth Fund: MACD oscillator (-0.0461)

[BEARISH CROSSOVER]: First Trust Energy Income and Growth Fund currently has negative MACD of -0.0461. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is 0%.

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