RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FMB
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First Trust Managed Municipal ETF price down 0.0778% on Thursday
(Updated on Mar 28, 2024)

Sell candidate since Mar 21, 2024 Loss -0.04% PDF

The First Trust Managed Municipal ETF price fell by -0.0778% on the last day (Thursday, 28th Mar 2024) from $51.40 to $51.36. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 0.156% from a day low at $51.34 to a day high of $51.42. The price has fallen in 7 of the last 10 days and is down by -0.35% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -19 thousand shares and in total, 127 thousand shares were bought and sold for approximately $6.54 million.

The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect First Trust Managed Municipal ETF with a 90% probability to be traded between $50.96 and $51.67 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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FMB Signals & Forecast

There are few to no technical positive signals at the moment. The First Trust Managed Municipal ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $51.42 and $51.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -0.590%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The ETF had a Golden Star Signal on Monday, January 29, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, July 13, 2023.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Buy
Special Signal Notification

Golden Star

The ETF had a Golden Star Signal on Monday, January 29, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, July 13, 2023.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Buy
Special Signal Notification

Golden Star 12 Months

The ETF had a Golden Star Signal on Monday, January 29, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, July 13, 2023.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Friday, March 08, 2024 and based on theory for this formation the price should fall by -0.530% to $51.09 within 25 trading days since signal was issued (Monday, April 01, 2024).

Support, Risk & Stop-loss for First Trust Managed Municipal ETF

First Trust Managed Municipal finds support from accumulated volume at $51.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.0800 between high and low, or 0.156%. For the last week the ETF has had daily average volatility of 0.160%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (FMB) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect First Trust Managed Municipal ETF to open at $51.37, and during the day (based on 14 day Average True Range), to move between $51.24 and $51.48, which gives a possible trading interval of +/-$0.120 (+/-0.23%) up or down from last closing price. If First Trust Managed Municipal ETF takes out the full calculated possible swing range there will be an estimated 0.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $51.35 (0.02%) than the resistance at $51.52 (0.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is First Trust Managed Municipal ETF ETF A Buy?

First Trust Managed Municipal holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.

Current score: -2.113 Sell Candidate Unchanged

Predicted Opening Price for First Trust Managed Municipal ETF of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$51.37 ( 0.0260%) $51.36

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for FMB

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 51.45 0.182 %
R2 51.42 0.122 %
R1 51.40 0.0855 %
Current price: 51.36
Support S1 51.34 -0.0335 %
S2 51.32 -0.0703 %
S3 51.29 -0.130 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 51.58 0.428 %
R2 51.53 0.331 %
R1 51.52 0.312 %
Current price 51.36
Support S1 51.35 -0.0195%
S2 51.34 -0.0389%
S3 51.17 -0.370%

FMB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 21, 2024 Mar 21, 2024 Mar 28, 2024 $0.135 0.263%
2 Feb 20, 2024 Feb 21, 2024 Feb 29, 2024 $0.135 0.262%
3 Jan 22, 2024 Jan 23, 2024 Jan 31, 2024 $0.135 0.262%
4 Dec 21, 2023 Dec 22, 2023 Dec 29, 2023 $0.133 0.256%
5 Nov 20, 2023 Nov 21, 2023 Nov 30, 2023 $0.128 0.254%

FAQ

What is the symbol for First Trust Managed Municipal ETF ETF and on which exchange is it traded?
The symbol for First Trust Managed Municipal ETF is FMB and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell First Trust Managed Municipal ETF ETF?
First Trust Managed Municipal holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.

How to buy First Trust Managed Municipal ETF ETF?
First Trust Managed Municipal ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy First Trust Managed Municipal ETF ETF.

What's the current price of First Trust Managed Municipal ETF ETF?
As of the end of day on the 2024-03-28, the price of an First Trust Managed Municipal ETF (FMB) share was $51.36.

What is the 52-week high and low for First Trust Managed Municipal ETF ETF?
The 52-week high for First Trust Managed Municipal ETF ETF is $51.77 and the 52-week low is $48.08.

What is the market capitalization of First Trust Managed Municipal ETF ETF?
As of the 2024-03-28, the market capitalization of First Trust Managed Municipal ETF is 1.982B.
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About First Trust Managed Municipal ETF

The investment seeks to generate current income that is exempt from regular federal income taxes and its secondary objective is long term capital appreciation. Under normal market conditions, the fund will seek to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes (collectively, "Municipal S... FMB Profile

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