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% PDF
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|
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