First Trust Skybridge Crypto Industry ETF Forecast
First Trust Skybridge Crypto Industry ETF price ended at $13.40 on Friday, after losing 2.12%.
(Updated on Jun 28, 2024)
The First Trust Skybridge Crypto Industry ETF price fell by -2.12% on the last day (Friday, 28th Jun 2024) from $13.69 to $13.40. During the last trading day the ETF fluctuated 5.64% from a day low at $13.10 to a day high of $13.84. The price has fallen in 6 of the last 10 days and is down by -4.76% 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 -31 thousand shares and in total, 50 thousand shares were bought and sold for approximately $663.93 thousand.
The ETF lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $13.17 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 6.30% during the next 3 months and, with a 90% probability hold a price between $14.00 and $15.43 at the end of this 3-month period.
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CRPT Signals & Forecast
The First Trust Skybridge Crypto Industry ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $13.48 and $13.45. A break-up above any of these levels will issue buy signals. 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 2.84%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for First Trust Skybridge Crypto Industry ETF
First Trust Skybridge Crypto Industry finds support from accumulated volume at $13.36 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.738 between high and low, or 5.64%. For the last week the ETF has had daily average volatility of 5.65%.
Our recommended stop-loss: $12.71 (-5.18%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (CRPT) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect First Trust Skybridge Crypto Industry And Digital Economy Etf to open at $13.45, and during the day (based on 14 day Average True Range), to move between $12.61 and $14.19, which gives a possible trading interval of +/-$0.787 (+/-5.87%) up or down from last closing price. If First Trust Skybridge Crypto Industry And Digital Economy Etf takes out the full calculated possible swing range there will be an estimated 11.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.36 (0.30%) than the resistance at $13.69 (2.16%), 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 Skybridge Crypto Industry And Digital Economy Etf ETF A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 2.166 Buy Candidate Unchanged
Predicted Opening Price for First Trust Skybridge Crypto Industry And Digital Economy Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $13.45 ( 0.344%) | $13.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRPT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.18 | 5.85% |
| R2 | 13.90 | 3.75% |
| R1 | 13.73 | 2.45% |
| Price | 13.40 | |
| S1 | 13.16 | -1.76% |
| S2 | 12.99 | -3.06% |
| S3 | 12.71 | -5.17% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.26 | 6.42% |
| R2 | 13.91 | 3.81% |
| R1 | 13.69 | 2.16% |
| Price | 13.40 | |
| S1 | 13.36 | -0.299% |
| S2 | 13.30 | -0.746% |
| S3 | 13.03 | -2.76% |
CRPT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 22, 2022 | Dec 23, 2022 | Dec 30, 2022 | $0.0011 | 0.0319% |
| 2 | Dec 22, 2021 | Dec 23, 2021 | Dec 31, 2021 | $0.200 | 1.16% |
FAQ
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