FIRST TRUST NORTH AMERICAN E (EMLP) Stock Technical Analysis
NYSEARCA:EMLP - NYSE Arca - US33738D1019 - ETF - Currency: USD
Overall EMLP gets a technical rating of 8 out of 10. EMLP has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, EMLP did better than 83% of all other stocks. On top of that, EMLP also shows a nice and consistent pattern of rising prices.
EMLP is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so EMLP slightly outperforms the market at the moment.
In the last month EMLP has a been trading in the 33.90 - 36.82 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Besides having an excellent technical rating, EMLP also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 36.42, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
32.87
38.67
3 important support areas can be observed.
- A support zone ranging from 36.14 to 36.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 34.54 to 35.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 33.20 to 33.97. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @36.48 from a trend line in the daily time frame.
- Resistance @37.37 from a horizontal line in the daily time frame.
- A resistance zone ranging from 38.24 to 38.29. 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
CRS83.18
Mansfield0.65
10 Day High36.82
10 Day Low35.75
20 Day High36.82
20 Day Low33.9
52 Week High38.4
52 Week Low29.93
Performance
1 Week0%
2 Weeks0%
1 Month6.42%
3 Month-1.54%
6 Month2.53%
12 Month19.14%
2 Year39.02%
3 Year30.05%
5 Year71.43%
10 Year34.02%
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)0.07
RSI(14)52.47
LBB35.92
UBB36.83
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 36.49 | 36.13 | 0.36 (0.99%) | 25.00% |
| An entry @36.49. This is a Buy Stop order right above the resistance zone. | An exit @36.13. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.36 points, which is 0.99%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.25%. |
- The distance between exit and entry is rather small compared to the average daily movement of EMLP. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSEARCA:EMLP (5/9/2025, 8:04:00 PM)
36.48
-0.03 (-0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.08%
1 Week0%
2 Weeks0%
1 Month6.42%
3 Month-1.54%
6 Month2.53%
12 Month19.14%
2 Year39.02%
3 Year30.05%
5 Year71.43%
10 Year34.02%
15 YearN/A
Volatility
ATR(14)0.53
ATR(20)%1.75%
ATR Inc-46.71%
Range Today0.29
ADR(20)0.55
ADR(20)%1.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.18
Mansfield0.65
10 Day High36.82
10 Day Low35.75
20 Day High36.82
20 Day Low33.9
52 Week High38.4
52 Week Low29.93
CS1 End36.42
CR1 Start36.48
Volume & EV
DER(3)-1.4%
DER(5)-4.4%
Volume183.90K
Volume Incr-32.09%
Vol(5)263.90K
Vol(50)331.91K