Technical Analysis for CEM - ClearBridge Energy MLP Fund Inc.

Grade Last Price % Change Price Change
A 48.37 1.45% 0.69
CEM closed up 1.45 percent on Friday, May 17, 2024, on 1.68 times normal volume. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
Expansion Breakout Bullish Swing Setup 0.00%
New 52 Week High Strength 0.00%
Above Upper BB Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
Up 5 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%

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Profile

ClearBridge Energy MLP Fund Inc. is a closed-ended equity mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Clearbridge Advisors, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the energy sector. The fund primarily invests in equity securities of MLPs and growth stocks of companies. It employs a bottom-up stock selection approach, focusing on companies with long-lived assets, predictable cash flows, and low direct commodity exposure to create its portfolio. ClearBridge Energy MLP Fund Inc. was formed on March 31, 2010 and is domiciled in the United States.
Classification

Keywords: Exchange Traded Fund ETF Stock Fund Energy Sector Legg Mason Legg Mason Partners Fund Cash Flows Steelpath

Is CEM a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 48.465
52 Week Low 29.3218
Average Volume 25,513
200-Day Moving Average 38.99
50-Day Moving Average 45.52
20-Day Moving Average 46.54
10-Day Moving Average 47.35
Average True Range 0.52
RSI (14) 76.96
ADX 35.98
+DI 43.94
-DI 13.74
Chandelier Exit (Long, 3 ATRs) 46.90
Chandelier Exit (Short, 3 ATRs) 45.81
Upper Bollinger Bands 48.37
Lower Bollinger Band 44.71
Percent B (%b) 1.0
BandWidth 7.87
MACD Line 0.76
MACD Signal Line 0.63
MACD Histogram 0.1355
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 49.38
Resistance 3 (R3) 49.30 48.88 49.21
Resistance 2 (R2) 48.88 48.62 48.92 49.15
Resistance 1 (R1) 48.63 48.47 48.75 48.71 49.10
Pivot Point 48.21 48.21 48.27 48.25 48.21
Support 1 (S1) 47.95 47.95 48.08 48.03 47.64
Support 2 (S2) 47.54 47.79 47.58 47.59
Support 3 (S3) 47.28 47.54 47.53
Support 4 (S4) 47.36