Technical Analysis for MFLX - First Trust Flexible Municipal High Income ETF
ADX | Long Term | Intermediate Term | Short Term |
---|---|---|---|
Weak or Absent | Up | Up | Flat |
Date | Alert Name | Type | % Chg |
---|---|---|---|
20 DMA Support | Bullish | 0.47% | |
Calm After Storm | Range Contraction | 0.47% | |
Outside Day | Range Expansion | 0.47% | |
Calm After Storm | Range Contraction | 0.62% | |
Narrow Range Bar | Range Contraction | 0.62% | |
Inside Day | Range Contraction | 0.62% | |
Gapped Down | Weakness | 0.62% | |
MACD Bearish Signal Line Cross | Bearish | 0.35% | |
20 DMA Support | Bullish | 0.35% | |
Hammer Candlestick | Bullish | 0.35% |
Alert | Time |
---|---|
Rose Above 10 DMA | about 5 hours ago |
Up 1 ATR | about 5 hours ago |
Rose Above Previous Day's High | about 10 hours ago |
1.5x Volume Pace | 1 day ago |
Fell Below Previous Day's Low | 1 day ago |
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First Trust Flexible Municipal High Income ETF Description
MFLX seeks to provide current income through an actively managed portfolio of US municipal debt securities whose interests are exempted from federal income taxes. The fund spans a wide range of municipal bonds, including lease obligations, general obligation bonds, revenue bonds, notes, cash equivalents, private activity bonds, as well as pre-refunded and escrowed to maturity bonds. The fund is diversified to invest in municipal bonds of any maturity and credit quality. In addition, the fund may invest, without limitation, in municipal securities that pay interest and generate income subject to federal and state alternative minimum tax. Prior to April 14, 2022, the fund traded as the First Trust Municipal CEF Income Opportunity ETF (Ticker: MCEF). Unlike MCEFs fund-of-CEFs (closed-end funds) structure, MFLX invests in US municipal bonds directly. Although, the fund may still invest in municipal CEFs for up to 10% of its net assets.
Classification
Keywords: Bond Municipal Bond Closed End Fund Revenue Bond
Indicator | Bull Case | Neutral / Hold | Bear Case |
---|---|---|---|
50 DMA | |||
200 DMA | |||
ADX Trend | |||
Oversold / Overbought | |||
Relative Strength |
Indicator | Value |
---|---|
52 Week High | 18.528 |
52 Week Low | 14.9446 |
Average Volume | 2,905 |
200-Day Moving Average | 16.43 |
50-Day Moving Average | 16.83 |
20-Day Moving Average | 16.97 |
10-Day Moving Average | 17.00 |
Average True Range | 0.08 |
RSI (14) | 60.00 |
ADX | 18.37 |
+DI | 35.72 |
-DI | 25.78 |
Chandelier Exit (Long, 3 ATRs) | 16.86 |
Chandelier Exit (Short, 3 ATRs) | 16.87 |
Upper Bollinger Bands | 17.12 |
Lower Bollinger Band | 16.82 |
Percent B (%b) | 0.79 |
BandWidth | 1.79 |
MACD Line | 0.06 |
MACD Signal Line | 0.06 |
MACD Histogram | -0.0051 |
Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
---|---|---|---|---|---|
Resistance 4 (R4) | 17.16 | ||||
Resistance 3 (R3) | 17.15 | 17.10 | 17.14 | ||
Resistance 2 (R2) | 17.10 | 17.08 | 17.11 | 17.14 | |
Resistance 1 (R1) | 17.08 | 17.06 | 17.09 | 17.09 | 17.13 |
Pivot Point | 17.03 | 17.03 | 17.04 | 17.04 | 17.03 |
Support 1 (S1) | 17.01 | 17.00 | 17.02 | 17.02 | 16.98 |
Support 2 (S2) | 16.96 | 16.99 | 16.97 | 16.97 | |
Support 3 (S3) | 16.94 | 16.96 | 16.97 | ||
Support 4 (S4) | 16.95 |