EMLP Stock First Trust North Amer Engy InfrasETF (EMLP, $35.28) Moving Average Convergence Divergence (MACD) Histogram turned positive on November 7, 2024

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EMLP - First Trust North Amer Engy InfrasETF

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Odds of UP Trend

Price: $35.28

Daily change: +$0.17 (+0.48%)

Daily volume: 244.6K

EMLP in +1.35% Uptrend, growing for three consecutive days on November 15, 2024

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where EMLP advanced for three days, in of 377 cases, the price rose further within the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 05, 2024. You may want to consider a long position or call options on EMLP as a result. In of 74 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for EMLP just turned positive on November 07, 2024. Looking at past instances where EMLP's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 322 cases where EMLP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where EMLP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

EMLP broke above its upper Bollinger Band on November 06, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.