FIRST TRUST MUNICIPAL CEF IN (MCEF) Stock Technical Analysis
NASDAQ:MCEF - Nasdaq - ETF
Taking everything into account, MCEF scores 0 out of 10 in our technical rating. MCEF scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
69% of all other stocks performed better in the past year than MCEF.
MCEF is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month MCEF has a been trading in the 17.25 - 18.30 range, which is quite wide. It is currently trading near the lows of this range.
Warning: MCEF has an average volume of 11388 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Volume is considerably higher in the last couple of days.
The technical rating of MCEF is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
17.11
21.87
We found 1 important support area.
- A support zone ranging from 17.28 to 17.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 17.55 to 17.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 19.03 to 19.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @20.53 from a trend line in the daily time frame.
- Resistance @20.87 from a horizontal line in the daily time frame.
- A resistance zone ranging from 21.25 to 21.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.84
Mansfield-1.56
10 Day High18.13
10 Day Low17.25
20 Day High18.3
20 Day Low17.25
52 Week High23.21
52 Week Low17.25
Performance
1 Week-2.64%
2 Weeks-2.86%
1 Month-4.47%
3 Month-14.44%
6 Month-16.95%
12 Month-16.3%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.02
RSI(14)24.98
LBB17.25
UBB18.19
NASDAQ:MCEF (4/13/2022, 8:00:01 PM)
17.2914
-0.03 (-0.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.19%
1 Week-2.64%
2 Weeks-2.86%
1 Month-4.47%
3 Month-14.44%
6 Month-16.95%
12 Month-16.3%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%0.95%
ATR Inc12.92%
Range Today0.2
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.84
Mansfield-1.56
10 Day High18.13
10 Day Low17.25
20 Day High18.3
20 Day Low17.25
52 Week High23.21
52 Week Low17.25
CS1 End17.28
CR1 Start17.55
Volume & EV
DER(3)-0.85%
DER(5)-1.71%
Volume25.60K
Volume Incr77.17%
Vol(5)20.64K
Vol(50)11.39K