First Trust NASDAQ Clean Edge Green ETF Forecast

$34.68
+0.0200 (+0.0577%)
At Close: Mar 28, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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First Trust NASDAQ Clean Edge Green ETF price ended at $34.68 on Thursday, after gaining 0.0577%.
(Updated on Mar 28, 2024)

Hold candidate since Mar 27, 2024 Gain 0.06% PDF

The First Trust NASDAQ Clean Edge Green ETF price gained 0.0577% on the last trading day (Thursday, 28th Mar 2024), rising from $34.66 to $34.68. During the last trading day the ETF fluctuated 1.53% from a day low at $34.54 to a day high of $35.07. The price has been going up and down for this period, and there has been a 5.93% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 136 thousand shares were bought and sold for approximately $4.73 million.

The ETF lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -12.15% during the next 3 months and, with a 90% probability hold a price between $28.10 and $32.54 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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QCLN Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 6.45%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The First Trust NASDAQ Clean Edge Green ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $34.73. On a fall, the ETF will find some support from the short-term average at $33.75. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for First Trust NASDAQ Clean Edge Green ETF

First Trust NASDAQ Clean Edge Green finds support from accumulated volume at $34.67 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.528 between high and low, or 1.53%. For the last week, the ETF has had daily average volatility of 2.12%.

Our recommended stop-loss: $33.15 (-4.40%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)

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

For the upcoming trading day on Monday, 1st we expect First Trust NASDAQ Clean Edge Green Energy Index Fund to open at $34.76, and during the day (based on 14 day Average True Range), to move between $33.76 and $35.60, which gives a possible trading interval of +/-$0.92 (+/-2.65%) up or down from last closing price. If First Trust NASDAQ Clean Edge Green Energy Index Fund takes out the full calculated possible swing range there will be an estimated 5.31% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $34.67 (0.03%) than the resistance at $34.98 (0.87%), 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 NASDAQ Clean Edge Green Energy Index Fund ETF A Buy?

First Trust NASDAQ Clean Edge Green 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.

Current score: 0.118 Hold/Accumulate Unchanged

Predicted Opening Price for First Trust NASDAQ Clean Edge Green Energy Index Fund of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$34.76 ( 0.233%) $34.68

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

Trading levels for QCLN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 35.29 1.75 %
R2 35.09 1.17 %
R1 34.96 0.81 %
Current price: 34.68
Support S1 34.56 -0.348 %
S2 34.43 -0.707 %
S3 34.23 -1.29 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 41.43 19.46 %
R2 35.24 1.61 %
R1 34.98 0.87 %
Current price 34.68
Support S1 34.67 -0.0288%
S2 34.32 -1.04%
S3 33.51 -3.37%

QCLN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 22, 2023 Dec 22, 2023 Dec 29, 2023 $0.0820 0.194%
2 Sep 21, 2023 Sep 22, 2023 Sep 29, 2023 $0.0260 0.0610%
3 Jun 26, 2023 Jun 27, 2023 Jun 30, 2023 $0.159 0.311%
4 Mar 23, 2023 Mar 24, 2023 Mar 31, 2023 $0.0520 0.0996%
5 Dec 22, 2022 Dec 23, 2022 Dec 30, 2022 $0.0860 0.182%

FAQ

What is the symbol for First Trust NASDAQ Clean Edge Green Energy Index Fund ETF and on which exchange is it traded?
The symbol for First Trust NASDAQ Clean Edge Green Energy Index Fund is QCLN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell First Trust NASDAQ Clean Edge Green Energy Index Fund ETF?
First Trust NASDAQ Clean Edge Green 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.

How to buy First Trust NASDAQ Clean Edge Green Energy Index Fund ETF?
First Trust NASDAQ Clean Edge Green Energy Index Fund 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 NASDAQ Clean Edge Green Energy Index Fund ETF.

What's the current price of First Trust NASDAQ Clean Edge Green Energy Index Fund ETF?
As of the end of day on the 2024-03-28, the price of an First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) share was $34.68.

What is the 52-week high and low for First Trust NASDAQ Clean Edge Green Energy Index Fund ETF?
The 52-week high for First Trust NASDAQ Clean Edge Green Energy Index Fund ETF is $57.15 and the 52-week low is $32.35.

What is the market capitalization of First Trust NASDAQ Clean Edge Green Energy Index Fund ETF?
As of the 2024-03-28, the market capitalization of First Trust NASDAQ Clean Edge Green Energy Index Fund is 888.906M.
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About First Trust NASDAQ Clean Edge Green Energy Index Fund

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 NASDAQ(R) Clean Edge(R) Green Energy Index(SM). The fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the index. The index is a modified market capitalization-weighted index in which larger companies receive a larger... QCLN Profile

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