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Weaker technical forecast for First Trust Indxx Global Natural as ETF downgraded to Hold/Accumulate.
(Updated on Mar 18, 2024)

Buy or Hold candidate since Mar 15, 2024 Loss -0.27% PDF

The First Trust Indxx Global Natural ETF price fell by -0.272% on the last day (Monday, 18th Mar 2024) from $12.85 to $12.81. During the last trading day the ETF fluctuated 0.548% from a day low at $12.78 to a day high of $12.85. The price has risen in 6 of the last 10 days and is up by 2.18% over the past 2 weeks. Volume has increased on the last day by 742 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 90 thousand shares were bought and sold for approximately $1.16 million.

The ETF lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $12.84 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -2.74% during the next 3 months and, with a 90% probability hold a price between $11.42 and $12.49 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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FTRI Signals & Forecast

The First Trust Indxx Global Natural ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $12.78 and $12.51. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -0.372%. Further fall is indicated until a new bottom pivot has been found. First Trust Indxx Global Natural gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for First Trust Indxx Global Natural ETF

First Trust Indxx Global Natural finds support from accumulated volume at $12.80 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 $0.0700 between high and low, or 0.548%. For the last week the ETF has had daily average volatility of 1.12%.

Our recommended stop-loss: $12.44 (-2.91%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (FTRI) For The Upcoming Trading Day Of Tuesday 19th

For the upcoming trading day on Tuesday, 19th we expect First Trust Indxx Global Natural Resources Income ETF to open at $12.81, and during the day (based on 14 day Average True Range), to move between $12.65 and $12.97, which gives a possible trading interval of +/-$0.157 (+/-1.22%) up or down from last closing price. If First Trust Indxx Global Natural Resources Income ETF takes out the full calculated possible swing range there will be an estimated 2.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $12.80 (0.08%) than the resistance at $12.86 (0.37%), 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 Indxx Global Natural Resources Income ETF ETF A Buy?

First Trust Indxx Global Natural holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.260 Hold/Accumulate Downgraded

Predicted Opening Price for First Trust Indxx Global Natural Resources Income ETF of Tuesday, March 19, 2024

Fair opening price March 19, 2024 Current price
$12.81 ( 0.0260%) $12.81

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

Trading levels for FTRI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 12.88 0.572 %
R2 12.86 0.364 %
R1 12.84 0.235 %
Current price: 12.81
Support S1 12.79 -0.183 %
S2 12.77 -0.312 %
S3 12.74 -0.520 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 13.21 3.12 %
R2 13.13 2.50 %
R1 12.86 0.373 %
Current price 12.81
Support S1 12.80 -0.0781%
S2 12.54 -2.14%
S3 12.07 -5.74%

FTRI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 22, 2023 Dec 22, 2023 Dec 29, 2023 $0.265 2.04%
2 Sep 21, 2023 Sep 22, 2023 Sep 29, 2023 $0.154 1.22%
3 Jun 26, 2023 Jun 27, 2023 Jun 30, 2023 $0.279 2.22%
4 Mar 23, 2023 Mar 24, 2023 Mar 31, 2023 $0.157 1.18%
5 Dec 22, 2022 Dec 23, 2022 Dec 30, 2022 $0.186 1.36%

FAQ

What is the symbol for First Trust Indxx Global Natural Resources Income ETF ETF and on which exchange is it traded?
The symbol for First Trust Indxx Global Natural Resources Income ETF is FTRI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell First Trust Indxx Global Natural Resources Income ETF ETF?
First Trust Indxx Global Natural holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy First Trust Indxx Global Natural Resources Income ETF ETF?
First Trust Indxx Global Natural Resources Income 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 Indxx Global Natural Resources Income ETF ETF.

What's the current price of First Trust Indxx Global Natural Resources Income ETF ETF?
As of the end of day on the 2024-03-18, the price of an First Trust Indxx Global Natural Resources Income ETF (FTRI) share was $12.81.

What is the 52-week high and low for First Trust Indxx Global Natural Resources Income ETF ETF?
The 52-week high for First Trust Indxx Global Natural Resources Income ETF ETF is $13.77 and the 52-week low is $11.77.

What is the market capitalization of First Trust Indxx Global Natural Resources Income ETF ETF?
As of the 2024-03-18, the market capitalization of First Trust Indxx Global Natural Resources Income ETF is 189.663M.
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About First Trust Indxx Global Natural Resources Income ETF

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Indxx Global Natural Resources Income Index. The fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks and/or depositary receipts that comprise the index. The index is a 50-stock free float adjusted market capitalization weighted inde... FTRI Profile

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