First Trust Tcw Securitized Plus Etf ETF Forecast

First Trust Tcw Securitized Plus Etf ETF downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)

DEED Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The First Trust Tcw Securitized Plus Etf 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 $20.83 and $20.67. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -1.48%. Further fall is indicated until a new bottom pivot has been found. First Trust Tcw Securitized Plus Etf gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for First Trust Tcw Securitized Plus Etf ETF

First Trust Tcw Securitized Plus Etf finds support from accumulated volume at $20.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.165 between high and low, or 0.80%. For the last week the ETF has had daily average volatility of 0.329%.

Our recommended stop-loss: $20.00 (-3.07%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)

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

For the upcoming trading day on Monday, 1st we expect First Trust Tcw Securitized Plus Etf to open at $20.68, and during the day (based on 14 day Average True Range), to move between $20.51 and $20.75, which gives a possible trading interval of +/-$0.119 (+/-0.58%) up or down from last closing price. If First Trust Tcw Securitized Plus Etf takes out the full calculated possible swing range there will be an estimated 1.16% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $20.66 (0.14%) than the support at $20.59 (0.20%), 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 Tcw Securitized Plus Etf ETF A Buy?

First Trust Tcw Securitized Plus Etf holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.313 Hold/Accumulate Downgraded

Predicted Opening Price for First Trust Tcw Securitized Plus Etf of Monday, July 1, 2024

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