FFAFirst Trust Enhanced Equity Income Fund
First Trust Enhanced Equity Income Fund NYSE
Trading Signals
Overall Signal
BUY
Strong buyish signal based on multiple indicators.
Key Price Levels
Support Levels
- Strong Support $19.3
- Medium Support $19.49
- Weak Support $19.68
Resistance Levels
- Weak Resistance $20.06
- Medium Resistance $20.25
- Strong Resistance $20.44
Stop Loss Suggestions
- Conservative $19.72
- Moderate $19.59
- Aggressive $19.4
Signal Breakdown
| Indicator | Signal | Strength | Timeframe |
|---|---|---|---|
| Moving Averages | BUY |
|
Short & Medium Term |
| Oscillators | BUY |
|
Short Term |
| Trend Indicators | SELL |
|
Short & Medium Term |
| Volume Indicators | NEUTRAL |
|
Short & Medium Term |
| Support/Resistance | NEUTRAL |
|
Short Term |
Stock Price Prediction
Price Target Probabilities
Quarterly Outlook
Bullish Scenario
30.23% ProbabilityStrong upward momentum and confirmed bullish trend, with potential for significant price appreciation. Indicators point to sustained buying pressure. ADX (38.00) indicates a strong trend. -DI > +DI suggests strong bearish directional bias. RSI (54.98) is in bullish territory, indicating upward momentum. MACD line (0.06) is above Signal line (-0.04) (bullish crossover), confirming upward momentum. Both lines are above zero, reinforcing bullish trend. Current Weekly ATR is 0.73, indicating the average weekly price range.
Base Scenario
44.19% ProbabilityPrice is likely to continue its moderate trajectory, reflecting underlying market conditions and historical volatility. Indicators suggest a balanced outlook. ADX (38.00) indicates a strong trend. -DI > +DI suggests strong bearish directional bias. RSI (54.98) is in bullish territory, indicating upward momentum. MACD line (0.06) is above Signal line (-0.04) (bullish crossover), confirming upward momentum. Both lines are above zero, reinforcing bullish trend. Current Weekly ATR is 0.73, indicating the average weekly price range.
Bearish Scenario
25.58% ProbabilityIncreased selling pressure and potential for a significant price correction or downtrend. Indicators suggest waning bullish momentum or strengthening bearish forces. ADX (38.00) indicates a strong trend. -DI > +DI suggests strong bearish directional bias. RSI (54.98) is in bullish territory, indicating upward momentum. MACD line (0.06) is above Signal line (-0.04) (bullish crossover), confirming upward momentum. Both lines are above zero, reinforcing bullish trend. Current Weekly ATR is 0.73, indicating the average weekly price range.
Annual Outlook
Bullish Scenario
30.23% ProbabilityLong-term bullish trend with strong fundamental catalysts and sustained institutional buying. Expect significant capital appreciation over the year. ADX (38.00) indicates a strong trend. -DI > +DI suggests strong bearish directional bias. RSI (54.98) is in bullish territory, indicating upward momentum. MACD line (0.06) is above Signal line (-0.04) (bullish crossover), confirming upward momentum. Both lines are above zero, reinforcing bullish trend. Current Weekly ATR is 0.73, indicating the average weekly price range.
Base Scenario
44.19% ProbabilitySteady long-term growth consistent with market and industry averages. Price expected to follow a typical growth trajectory. ADX (38.00) indicates a strong trend. -DI > +DI suggests strong bearish directional bias. RSI (54.98) is in bullish territory, indicating upward momentum. MACD line (0.06) is above Signal line (-0.04) (bullish crossover), confirming upward momentum. Both lines are above zero, reinforcing bullish trend. Current Weekly ATR is 0.73, indicating the average weekly price range.
Bearish Scenario
25.58% ProbabilityLong-term bearish trend with significant headwinds from economic factors, industry disruption, or company-specific issues. Expect notable price depreciation. ADX (38.00) indicates a strong trend. -DI > +DI suggests strong bearish directional bias. RSI (54.98) is in bullish territory, indicating upward momentum. MACD line (0.06) is above Signal line (-0.04) (bullish crossover), confirming upward momentum. Both lines are above zero, reinforcing bullish trend. Current Weekly ATR is 0.73, indicating the average weekly price range.
Technical Analysis
Trend Identification
EMA
Exponential Moving Average
Current price (19.87) is above both Short MA (19.80) and Long MA (19.11). This indicates strong bullish momentum. Short MA (19.80) is above Long MA (19.11), a bullish crossover ('Golden Cross' if it's a significant period). This indicates an upward trend. MAs (19.80, 19.11, 19.59) show mixed alignment, suggesting market indecision or range-bound activity. Consider long positions. Use the MAs as dynamic support levels.
MACD
Moving Average Convergence Divergence
MACD line is below the Signal line (bearish crossover). This indicates downward momentum. Histogram (-0.0300) is negative and expanding, confirming bearish momentum. Both MACD and Signal lines are above the zero line, reinforcing bullish momentum (bullish territory). A bearish crossover above the zero line can indicate a reversal from a prior uptrend. Consider this as a potential early sell signal.
ADX
Average Directional Index
ADX (9.50) indicates a weak or non-existent trend (ranging market). +DI (21.29) is above -DI (19.27), suggesting a bullish directional bias. Avoid trend-following strategies. Consider range-bound or reversal strategies, or wait for a clearer trend to develop.
Momentum Measurement
RSI
Relative Strength Index
RSI (56.99) is in the bullish territory, but not yet overbought. This indicates upward momentum. Monitor for continuation or signs of weakness.
Stochastic
Stochastic Oscillator
Stochastics (%K: 20.58, %D: 21.15) are in the neutral zone (between 20 and 80). No clear bullish or bearish crossover signal currently. The lines are close or moving sideways.
CCI
Commodity Channel Index
CCI (27.53) is between 0 and +100. This indicates bullish momentum is present, but not yet extreme. A move above 0 from negative territory (bullish zero-line cross) can indicate a potential buy signal.
MACD
Momentum Perspective
MACD line is below the Signal line (bearish crossover). This indicates downward momentum. Histogram (-0.0300) is negative and expanding, confirming bearish momentum. Both MACD and Signal lines are above the zero line, reinforcing bullish momentum (bullish territory). A bearish crossover above the zero line can indicate a reversal from a prior uptrend. Consider this as a potential early sell signal.
Volatility Measurement
ATR
Average True Range
Current ATR is 0.2200. ATR indicates average volatility. Market conditions are relatively stable.
Bollinger Bands
Volatility Bands
Current price (19.87) is within the Bollinger Bands (19.43 - 20.17). This suggests the price is trading within its typical volatility range. Price is above the Middle Band (19.80), indicating short-term bullish bias.
Volume Analysis
OBV
On-Balance Volume
OBV (371218.00) is flat, indicating indecision or a balanced market. Price is relatively stable. OBV movement will indicate hidden accumulation/distribution.
Risk Management & Potential Reversals
SAR
Parabolic Stop and Reverse
SAR points above price indicate bearish trend. Current SAR at 20.15 is 1.41% from price. Consider SAR as a potential take-profit level or to confirm a downtrend.
RSI
Reversal Perspective
Current RSI level is in neutral territory. No RSI divergence detected. Current RSI level doesn't suggest imminent reversal.
Stochastic
Approaching Oversold
Stochastic is approaching oversold territory (20.6). No reversal signal yet. Monitor for potential bullish crossover (K above D) or entry into oversold (20-) followed by reversal.
Bollinger Bands
Reversal Perspective
Bands show normal bandwidth. Price is in the middle of bands with normal bandwidth. No indication of imminent volatility expansion or reversal.