(EMLP) First Trust North American - Ratings and Ratios

The First Trust North American Energy Infrastructure Fund is a specialized investment vehicle that focuses on the energy infrastructure sector, targeting companies with significant presence in the U.S. and Canada. The funds portfolio comprises a mix of natural gas and electric utilities, corporations operating energy infrastructure assets, and publicly-traded Master Limited Partnerships (MLPs) and their affiliates.

The energy infrastructure sector is poised for growth due to increasing demand for energy and the need for modernization of existing infrastructure. The funds non-diversified nature allows it to concentrate on this specific sector, potentially capitalizing on emerging trends and opportunities. With a strong presence in the U.S. and Canada, the fund is well-positioned to benefit from the growing demand for energy in these regions.

Analyzing the funds technical data, we observe a bullish trend, with the short-term Simple Moving Average (SMA20) at $37.03 and the long-term SMA200 at $35.51, indicating a potential upward momentum. The Average True Range (ATR) of 0.44 (1.19%) suggests moderate volatility. Considering the 52-week high and low of $37.97 and $29.09, respectively, the current price of $37.32 is near the upper end of the range, indicating a relatively strong performance.

Combining the technical analysis with the fundamental data, we can forecast that EMLP is likely to continue its upward trend, driven by the growing demand for energy infrastructure and the funds focused investment strategy. With Assets Under Management (AUM) of $3.223 billion, the fund has a significant presence in the market, which can contribute to its stability and liquidity. Based on the current technical and fundamental indicators, a potential price target for EMLP could be around $40.00 in the next 6-12 months, representing a 7-8% increase from the current price.