First Trust Capital Strength ETF Forecast
First Trust Capital Strength ETF price ended at $85.65 on Thursday, after gaining 0.0234%.
(Updated on Mar 28, 2024)
The First Trust Capital Strength ETF price gained 0.0234% on the last trading day (Thursday, 28th Mar 2024), rising from $85.63 to $85.65. During the last trading day the ETF fluctuated 0.300% from a day low at $85.63 to a day high of $85.89. The price has been going up and down for this period, and there has been a 1.15% gain for the last 2 weeks. Volume fell on the last day by -41 thousand shares and in total, 242 thousand shares were bought and sold for approximately $20.76 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 7.99% during the next 3 months and, with a 90% probability hold a price between $91.57 and $93.18 at the end of this 3-month period.
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FTCS Signals & Forecast
There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -0.0117%. 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). The First Trust Capital Strength 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 $85.31 and $83.91. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.
Support, Risk & Stop-loss for First Trust Capital Strength ETF
First Trust Capital Strength finds support from accumulated volume at $83.99 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 $0.257 between high and low, or 0.300%. For the last week the ETF has had daily average volatility of 0.510%.
Our recommended stop-loss: $82.97 (-3.12%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (FTCS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect First Trust Capital Strength ETF to open at $85.72, and during the day (based on 14 day Average True Range), to move between $85.11 and $86.19, which gives a possible trading interval of +/-$0.535 (+/-0.63%) up or down from last closing price. If First Trust Capital Strength ETF takes out the full calculated possible swing range there will be an estimated 1.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $85.66 (0.01%) than the support at $83.99 (1.94%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is First Trust Capital Strength ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for First Trust Capital Strength ETF to perform well in the short-term.
Current score: 3.125 Buy Candidate Unchanged
Predicted Opening Price for First Trust Capital Strength ETF of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$85.72 ( 0.0845%) | $85.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FTCS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 85.98 | 0.385 % | |
R2 | 85.88 | 0.270 % | ||
R1 | 85.82 | 0.199 % | ||
Current price: | 85.65 | |||
Support | S1 | 85.62 | -0.0302 % | |
S2 | 85.56 | -0.101 % | ||
S3 | 85.47 | -0.216 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 85.66 | 0.0117 % | ||
Current price | 85.65 | |||
Support | S1 | 83.99 | -1.94% | |
S2 | 80.97 | -5.46% | ||
S3 | 80.46 | -6.06% |
FTCS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 21, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.225 | 0.262% |
2 | Dec 22, 2023 | Dec 22, 2023 | Dec 29, 2023 | $0.431 | 0.539% |
3 | Sep 21, 2023 | Sep 22, 2023 | Sep 29, 2023 | $0.215 | 0.292% |
4 | Jun 26, 2023 | Jun 27, 2023 | Jun 30, 2023 | $0.237 | 0.316% |
5 | Mar 23, 2023 | Mar 24, 2023 | Mar 31, 2023 | $0.292 | 0.400% |
FAQ
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