First Trust Nasdaq Global Auto Index Fund ETF Forecast

Buy or Hold candidate since May 27, 2025 Loss -0.31%

The First Trust NASDAQ Global Auto Index ETF price fell by -0.88% on the last day (Friday, 20th Jun 2025) from $59.26 to $58.74. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.0511% from a day low at $58.71 to a day high of $58.74. The price has been going up and down for this period, and there has been a 1.38% gain for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -5 shares and in total, 324 shares were bought and sold for approximately $19.03 thousand.

The ETF lies in the middle of a wide and strong 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 17.90% during the next 3 months and, with a 90% probability hold a price between $62.17 and $72.58 at the end of this 3-month period.

CARZ Signals & Forecast

The First Trust NASDAQ Global Auto Index ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the ETF. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $59.61. On a fall, the ETF will find some support from the long-term average at approximately $57.71. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 11, 2025, and so far it has fallen -3.17%. 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 fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for First Trust NASDAQ Global Auto Index ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $48.50 and $46.99. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, First Trust NASDAQ Global Auto Index finds support just below today's level at $48.50. If this is broken, then the next support from accumulated volume will be at $46.99 and $45.20.

In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.0300 between high and low, or 0.0511%. For the last week the ETF has had daily average volatility of 0.520%

Our recommended stop-loss: $55.94 (-4.77%) (This ETF has very low daily movements and this gives very low risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (CARZ) For The Upcoming Trading Day Of Monday 23rd

For the upcoming trading day on Monday, 23rd we expect First Trust NASDAQ Global Auto Index Fund to open at $58.73, and during the day (based on 14 day Average True Range), to move between $57.76 and $59.72, which gives a possible trading interval of +/-$0.98 (+/-1.67%) up or down from last closing price. If First Trust NASDAQ Global Auto Index Fund takes out the full calculated possible swing range there will be an estimated 3.34% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $59.27 (0.90%) than the support at $48.50 (17.43%), 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 NASDAQ Global Auto Index Fund ETF A Buy?

First Trust NASDAQ Global Auto Index 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: 0.778 Hold/Accumulate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on June 23, 2025 - $58.73 ( 0.0170%).

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