First Trust Dorsey Wright Focus 5 ETF Forecast
First Trust Dorsey Wright Focus 5 ETF price ended at $52.41 on Friday, after losing 1.48%.
(Updated on Apr 19, 2024)
The First Trust Dorsey Wright Focus 5 ETF price fell by -1.48% on the last day (Friday, 19th Apr 2024) from $53.20 to $52.41. It has now fallen 6 days in a row. During the last trading day the ETF fluctuated 2.09% from a day low at $52.14 to a day high of $53.23. The price has fallen in 7 of the last 10 days and is down by -6.71% for this period. Volume has increased on the last day by 87 thousand 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, 171 thousand shares were bought and sold for approximately $8.95 million.
Given the current short-term trend, the ETF is expected to rise 5.63% during the next 3 months and, with a 90% probability hold a price between $55.36 and $61.23 at the end of this 3-month period.
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FV Signals & Forecast
There are few to no technical positive signals at the moment. The First Trust Dorsey Wright Focus 5 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 $54.15 and $55.93. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -8.49%. 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 rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for First Trust Dorsey Wright Focus 5 ETF
First Trust Dorsey Wright Focus 5 finds support from accumulated volume at $51.97 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $1.09 (2.09%) between high and low. For the last week, the ETF has had daily average volatility of 2.05%.
First Trust Dorsey Wright Focus 5 is oversold on RSI14 (22). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FV) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect First Trust Dorsey Wright Focus 5 ETF to open at $52.59, and during the day (based on 14 day Average True Range), to move between $51.51 and $53.31, which gives a possible trading interval of +/-$0.90 (+/-1.72%) up or down from last closing price. If First Trust Dorsey Wright Focus 5 ETF takes out the full calculated possible swing range there will be an estimated 3.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $51.97 (0.84%) than the resistance at $53.20 (1.51%), 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 Dorsey Wright Focus 5 ETF ETF A Buy?
The First Trust Dorsey Wright Focus 5 ETF holds several negative signals and despite the positive trend, we believe First Trust Dorsey Wright Focus 5 will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -1.693 Sell Candidate Unchanged
Predicted Opening Price for First Trust Dorsey Wright Focus 5 ETF of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$52.59 ( 0.350%) | $52.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FV
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 53.68 | 2.43 % | |
R2 | 53.27 | 1.64 % | ||
R1 | 53.01 | 1.14 % | ||
Current price: | 52.41 | |||
Support | S1 | 52.18 | -0.445 % | |
S2 | 51.92 | -0.94 % | ||
S3 | 51.50 | -1.73 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 56.55 | 7.90 % | |
R2 | 53.29 | 1.68 % | ||
R1 | 53.20 | 1.51 % | ||
Current price | 52.41 | |||
Support | S1 | 51.97 | -0.84% | |
S2 | 0 | . | ||
S3 | 0 | . |
FV Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 21, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.0070 | 0.0122% |
2 | Dec 22, 2023 | Dec 22, 2023 | Dec 29, 2023 | $0.0384 | 0.0745% |
3 | Sep 21, 2023 | Sep 22, 2023 | Sep 29, 2023 | $0.0100 | 0.0226% |
4 | Jun 26, 2023 | Jun 27, 2023 | Jun 30, 2023 | $0.0450 | 0.0959% |
5 | Mar 23, 2023 | Mar 24, 2023 | Mar 31, 2023 | $0.143 | 0.317% |
FAQ
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