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.
AI Analysis of CARZ
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Red day on Thursday for First Trust NASDAQ Global Auto Index
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 07, 2024 Gain 5.81% PDF

No changes to the price of First Trust NASDAQ Global Auto Index ETF on the last trading day (Thursday, 28th Mar 2024). During the last trading day the ETF fluctuated 0.425% from a day low at $58.78 to a day high of $59.03. The price has risen in 5 of the last 10 days and is up by 1.83% over the past 2 weeks.

The ETF lies in the middle of a 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 9.38% during the next 3 months and, with a 90% probability hold a price between $62.86 and $66.46 at the end of this 3-month period.

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CARZ Signals & Forecast

The First Trust NASDAQ Global Auto Index 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 $58.69 and $57.70. A breakdown below any of these levels will issue sell signals. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the ETF should be watched more closely at it may be a "turning point". 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. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -1.03%. 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).

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 $55.55 and $54.55. 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 $55.55. If this is broken, then the next support from accumulated volume will be at $54.55 and $54.48.

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 $0.250 between high and low, or 0.425%. For the last week the ETF has had daily average volatility of 0.83%.

Our recommended stop-loss: $56.44 (-4.12%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)

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

For the upcoming trading day on Monday, 1st we expect First Trust NASDAQ Global Auto Index Fund to open at $58.89, and during the day (based on 14 day Average True Range), to move between $58.14 and $59.60, which gives a possible trading interval of +/-$0.731 (+/-1.24%) 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 2.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $58.97 (0.17%) than the support at $55.55 (5.64%), 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?

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 NASDAQ Global Auto Index ETF to perform well in the short-term.

Current score: 2.695 Buy Candidate Unchanged

Predicted Opening Price for First Trust NASDAQ Global Auto Index Fund of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$58.89 ( 0.0396%) $58.87

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

Trading levels for CARZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 59.14 0.464 %
R2 59.05 0.302 %
R1 58.99 0.202 %
Current price: 58.87
Support S1 58.80 -0.123 %
S2 58.74 -0.223 %
S3 58.64 -0.385 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 59.48 1.04 %
R2 59.06 0.323 %
R1 58.97 0.170 %
Current price 58.87
Support S1 55.55 -5.64%
S2 54.55 -7.34%
S3 54.48 -7.46%

CARZ Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 22, 2023 Dec 22, 2023 Dec 29, 2023 $0.223 0.392%
2 Sep 21, 2023 Sep 22, 2023 Sep 29, 2023 $0.120 0.234%
3 Jun 26, 2023 Jun 27, 2023 Jun 30, 2023 $0.348 0.623%
4 Mar 23, 2023 Mar 24, 2023 Mar 31, 2023 $0.106 0.208%
5 Dec 22, 2022 Dec 23, 2022 Dec 30, 2022 $0.236 0.582%

FAQ

What is the symbol for First Trust NASDAQ Global Auto Index Fund ETF and on which exchange is it traded?
The symbol for First Trust NASDAQ Global Auto Index Fund is CARZ and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell First Trust NASDAQ Global Auto Index Fund ETF?
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 NASDAQ Global Auto Index ETF to perform well in the short-term.

How to buy First Trust NASDAQ Global Auto Index Fund ETF?
First Trust NASDAQ Global Auto 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 Global Auto Index Fund ETF.

What's the current price of First Trust NASDAQ Global Auto Index Fund ETF?
As of the end of day on the 2024-03-28, the price of an First Trust NASDAQ Global Auto Index Fund (CARZ) share was $58.87.

What is the 52-week high and low for First Trust NASDAQ Global Auto Index Fund ETF?
The 52-week high for First Trust NASDAQ Global Auto Index Fund ETF is $60.00 and the 52-week low is $46.26.

What is the market capitalization of First Trust NASDAQ Global Auto Index Fund ETF?
As of the 2024-03-28, the market capitalization of First Trust NASDAQ Global Auto Index Fund is 37.804M.
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About First Trust NASDAQ Global Auto 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 OMX Global Auto Index(SM). 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 track the performance of th... CARZ Profile

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