First Trust NASDAQ Cybersecurity ETF Forecast
Red day on Friday for First Trust NASDAQ Cybersecurity
(Updated on Apr 19, 2024)
The First Trust NASDAQ Cybersecurity ETF price fell by -0.379% on the last day (Friday, 19th Apr 2024) from $52.83 to $52.63. It has now fallen 6 days in a row. During the last trading day the ETF fluctuated 1.51% from a day low at $52.40 to a day high of $53.19. The price has fallen in 8 of the last 10 days and is down by -5.55% for this period. 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 -376 thousand shares and in total, 575 thousand shares were bought and sold for approximately $30.28 million.
The ETF lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $52.59 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -4.40% during the next 3 months and, with a 90% probability hold a price between $50.28 and $54.62 at the end of this 3-month period.
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CIBR Signals & Forecast
There are few to no technical positive signals at the moment. The First Trust NASDAQ Cybersecurity ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $53.74 and $55.96. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -9.01%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for First Trust NASDAQ Cybersecurity ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.789 (1.51%) between high and low. For the last week, the ETF has had daily average volatility of 1.93%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CIBR) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect First Trust NASDAQ Cybersecurity ETF to open at $52.74, and during the day (based on 14 day Average True Range), to move between $51.72 and $53.54, which gives a possible trading interval of +/-$0.91 (+/-1.73%) up or down from last closing price. If First Trust NASDAQ Cybersecurity ETF takes out the full calculated possible swing range there will be an estimated 3.46% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $54.33, some $1.70 (3.23%) from the current price of $52.63, our system finds the risk reward not very attractive.
Is First Trust NASDAQ Cybersecurity ETF ETF A Buy?
First Trust NASDAQ Cybersecurity holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -2.894 Sell Candidate Unchanged
Predicted Opening Price for First Trust NASDAQ Cybersecurity ETF of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $52.74 ( 0.208%) | $52.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CIBR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.53 | 1.71 % | |
| R2 | 53.23 | 1.13 % | ||
| R1 | 53.04 | 0.781 % | ||
| Current price: | 52.63 | |||
| Support | S1 | 52.44 | -0.364 % | |
| S2 | 52.25 | -0.718 % | ||
| S3 | 51.95 | -1.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 57.84 | 9.90 % | |
| R2 | 57.83 | 9.88 % | ||
| R1 | 54.33 | 3.23 % | ||
| Current price | 52.63 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
CIBR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.0237 | 0.0420% |
| 2 | Dec 22, 2023 | Dec 22, 2023 | Dec 29, 2023 | $0.0352 | 0.0654% |
| 3 | Sep 21, 2023 | Sep 22, 2023 | Sep 29, 2023 | $0.0090 | 0.0198% |
| 4 | Jun 26, 2023 | Jun 27, 2023 | Jun 30, 2023 | $0.0530 | 0.117% |
| 5 | Dec 22, 2022 | Dec 23, 2022 | Dec 30, 2022 | $0.0950 | 0.245% |
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