First Trust North Amer Engy InfrasETF (EMLP, $36.95) entered Downtrend as Momentum indicator drops below 0 level on Apr 03, 2025

@Energy, #TechnicalAnalysis, #Momentum, #Bearish, #ETFs
EMLP - First Trust North Amer Engy InfrasETF
Momentum signal
Bearish Trend
80%
Odds of DOWN Trend
Price: $36.95
Daily change: -$0.94 (-2.48%)
Daily volume: 544.9K
Net Assets: $3.3B

This indicator may be signaling that EMLP's price has further to drop, since it fell below its price logged 14 days ago. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 76 similar cases where EMLP's Momentum Indicator fell below the 0 level, and 61 of them led to a successful outcome. Odds of Success: 80%.