First Trust NASDAQ Cybersecurity ETF Forecast
First Trust NASDAQ Cybersecurity ETF price up 0.82% on Thursday
(Updated on May 02, 2024)
The First Trust NASDAQ Cybersecurity ETF price gained 0.82% on the last trading day (Thursday, 2nd May 2024), rising from $53.97 to $54.41. During the last trading day the ETF fluctuated 1.99% from a day low at $53.64 to a day high of $54.71. The price has risen in 6 of the last 10 days and is up by 2.99% over the past 2 weeks. Volume fell on the last day by -12 thousand shares and in total, 336 thousand shares were bought and sold for approximately $18.26 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF 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 ETF is expected to fall -6.97% during the next 3 months and, with a 90% probability hold a price between $47.39 and $51.45 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CIBR Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $54.42 and $55.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -1.05%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for First Trust NASDAQ Cybersecurity ETF
First Trust NASDAQ Cybersecurity finds support from accumulated volume at $54.33 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $1.07 (1.99%) between high and low. For the last week, the ETF has had daily average volatility of 1.66%.
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 Friday 3rd
For the upcoming trading day on Friday, 3rd we expect First Trust NASDAQ Cybersecurity ETF to open at $54.25, and during the day (based on 14 day Average True Range), to move between $53.45 and $55.37, which gives a possible trading interval of +/-$0.96 (+/-1.77%) 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 3.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $54.33 (0.15%) than the resistance at $56.81 (4.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: -2.077 Sell Candidate Unchanged
Predicted Opening Price for First Trust NASDAQ Cybersecurity ETF of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $54.25 ( 0.288%) | $54.41 |
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 | 55.32 | 1.68 % | |
| R2 | 54.91 | 0.93 % | ||
| R1 | 54.66 | 0.463 % | ||
| Current price: | 54.41 | |||
| Support | S1 | 53.84 | -1.04 % | |
| S2 | 53.59 | -1.50 % | ||
| S3 | 53.18 | -2.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 57.84 | 6.30 % | |
| R2 | 57.83 | 6.29 % | ||
| R1 | 56.81 | 4.41 % | ||
| Current price | 54.41 | |||
| Support | S1 | 54.33 | -0.147% | |
| S2 | 53.97 | -0.81% | ||
| S3 | 52.92 | -2.74% |
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% |
FAQ
Click here for our free guide on how to buy First Trust NASDAQ Cybersecurity ETF ETF.
