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First Trust BICK Index Fund Fund Forecast NASDAQ:BICK

$33.39 (1.20%)

Volume: 2k

Closed: Dec 08, 2021

Hollow Logo Score: -3.142

First Trust BICK Index Fund Fund Forecast

$33.39 (1.20%)

Volume: 2k

Closed: Dec 08, 2021

Score Hollow Logo -3.142
Which way will BICK go? Request
Key Stats
Trailing Dividend Rate 0.71% ($0.23)
Next Dividend Date Dec 23, 2021
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 40 and the fund is currently not being overbought or oversold

First Trust BICK Index Fund fund price ended on $33.39 on Wednesday after gaining 1.2%
(Updated on Dec 08, 2021)


Sell candidate since 2021-12-03 Gain 4.65%

The First Trust BICK Index Fund fund price gained 1.20% on the last trading day (Wednesday, 8th Dec 2021), rising from $32.99 to $33.39. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the fund fluctuated 1.29% from a day low at $33.11 to a day high of $33.54. The price has risen in 7 of the last 10 days, but is still down by -0.83% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $66.85 thousand.

The fund lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the fund is expected to fall -5.46% during the next 3 months and, with a 90% probability hold a price between $30.06 and $32.72 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.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, December 03, 2021, and so far it has risen 4.65%. Further rise is indicated until a new top pivot has been found. First Trust BICK Index Fund has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The First Trust BICK Index Fund fund 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 fund giving a more negative forecast for the stock. On further gains, the fund will meet resistance from the long-term moving average at $34.16. On a fall, the fund will find some support from the short-term average at $32.56. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

First Trust BICK Index Fund finds support from accumulated volume at $33.19 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This fund has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the fund moved $0.43 between high and low, or 1.29%. For the last week, the fund has had a daily average volatility of 1.06%.

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

Is First Trust BICK Index Fund fund A Buy?

First Trust BICK Index Fund holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this fund.

Current score: -3.142

Predicted Opening Price for First Trust BICK Index Fund of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$33.35 $33.39 (Overvalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 1.06 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.06 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $34.32
Price: $33.39
Support: $33.19

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 33.77 1.15 %
33.61 0.66 %
33.51 0.36 %
Current price: 33.39
Support 33.18 -0.62 %
33.08 -0.92 %
32.92 -1.41 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 35.41 6.05 %
34.63 3.71 %
34.32 2.78 %
Current price 33.39
Support 33.19 -0.60%
32.35 -3.13%
32.27 -3.35%

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About First Trust BICK 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 ISE BICK(TM). The fund will normally invest at least 90% of its net assets (plus the amount of any borrowings for investment purposes) in common stocks or in depositary receipts representing securities in the index. The index is designed to provide a benchmark for investors interested in... Read more

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