FIRST TRUST NORTH AMERICAN E (EMLP) Stock Technical Analysis
NYSEARCA:EMLP - NYSE Arca - US33738D1019 - ETF - Currency: USD
Taking everything into account, EMLP scores 7 out of 10 in our technical rating. In the last year, EMLP was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that EMLP is one of the better performing stocks in the market, outperforming 75% of all 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 S&P500 Index however is currently trading near a new high, so EMLP is lagging the market slightly.
In the last month EMLP has a been trading in a tight range between 36.29 and 37.84.
Considerably lower volume is observed in the last couple of days.
EMLP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 37.19, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
34.19
38.67
We found 2 important support areas.
- A support zone ranging from 35.95 to 37.19. 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 34.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 37.37 to 37.37. This zone is formed by a combination of multiple trend lines 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.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for EMLP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EMLP is up. |
| ChartMill Relative Strength | 75.66 | POSITIVE | EMLP has a high relative strength, it outperformed 75.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of EMLP is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EMLP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EMLP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.89 | NEUTRAL | The RSI value for EMLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests EMLP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.62 | NEUTRAL | The Stochastics value for EMLP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.1 | LOW VOLATILITY | The low ATR as a percentage value for EMLP suggests low volalility. |
| Average Directional Index/ADX (14) | 10.02 | NEGATIVE | The low ADX value for EMLP suggests a weak or negative trend. |
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)
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 |
|---|---|---|---|
| 37.38 | 36.78 | 0.60 (1.62%) | 25.00% |
| An entry @37.38. This is a Buy Stop order right above the resistance zone. | An exit @36.77. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.60 points, which is 1.62%. | For a 0.40% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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 (6/17/2025, 10:27:21 AM)
37.37
+0.09 (+0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.24%
1 Week1.03%
2 Weeks0.22%
1 Month-0.11%
3 Month-0.32%
6 Month5.4%
12 Month22.87%
2 Year38.07%
3 Year44.83%
5 Year86.96%
10 Year46.95%
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%1.1%
ATR Inc28.54%
Range Today0.23
ADR(20)0.38
ADR(20)%1.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.66
Mansfield0.08
10 Day High37.84
10 Day Low36.78
20 Day High37.84
20 Day Low36.29
52 Week High38.4
52 Week Low30.29
CS1 End37.19
CR1 Start37.37
Volume & EV
DER(3)-0.96%
DER(5)-2.62%
Volume64.53K
Volume Incr-7.37%
Vol(5)174.82K
Vol(50)274.80K