First Trust Enhanced Equity Income Fund (FFA) Technical Analysis: Signals, Charts & Indicators

5.31 / 10

Netural

Technically, IGD scores 5.31/10 with a neutral rating. Bullish signals like MACD Death Cross (8.21/10) and Golden Cross (5.99/10) are counterbalanced by a bearish RSI Oversold (4.8/10) and Bullish Engulfing (1/10). The WR Oversold indicator (6.53/10) adds a neutral rise bias. Historical back-tests show modest average returns (0.48% to 1.36%) and mixed win rates (50% to 75%), indicating that no single pattern dominates, and traders should remain watchful for volatility.

Analysis Checks(3/5)

WR Oversold

Score6.53/10

Win Rate59.26%

Hist. Signals27

Avg Return0.48%

MACD Death Cross

Score8.21/10

Win Rate75.00%

Hist. Signals16

Avg Return1.36%

MACD Golden Cross

Score5.99/10

Win Rate64.29%

Hist. Signals14

Avg Return-1.25%

Bullish Engulfing

Score1/10

Win Rate25.00%

Hist. Signals8

Avg Return-0.26%

RSI Oversold

Score4.8/10

Win Rate50.00%

Hist. Signals6

Avg Return4.67%

What is the current technical signals for FFA?

FFA presents a Netural setup with a Technical Score of 5.31/10. Key technical indicators highlight an RSI of 54.06 and a MACD of -0.03, with the trend anchored by the 50-Day SMA at 21.85. Traders should monitor key support at 21.57 and resistance at 21.92.