First Trust Alerian Disruptive ETF Forecast
First Trust Alerian Disruptive ETF price up 0.332% on Wednesday
(Updated on Jun 26, 2024)
The First Trust Alerian Disruptive ETF price gained 0.332% on the last trading day (Wednesday, 26th Jun 2024), rising from $38.12 to $38.25. During the last trading day the ETF fluctuated 0.523% from a day low at $38.05 to a day high of $38.25. The price has been going up and down for this period, and there has been a -0.51% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $104.76 thousand.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect First Trust Alerian Disruptive ETF with a 90% probability to be traded between $37.80 and $38.95 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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DTRE Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 0.332%. Further rise is indicated until a new top pivot has been found. First Trust Alerian Disruptive has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The First Trust Alerian Disruptive 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 $38.34 and $38.46. 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).
A sell signal from a double top formation was found on Monday, June 24, 2024 with a target of $38.66. Despite whether the objective of the signal formation has been reached the ETF may continue to fall.
Support, Risk & Stop-loss for First Trust Alerian Disruptive ETF
First Trust Alerian Disruptive finds support from accumulated volume at $38.12 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 $0.199 between high and low, or 0.523%. For the last week the ETF has had daily average volatility of 0.95%.
Our recommended stop-loss: $35.98 (-5.92%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (DTRE) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect First Trust Alerian Disruptive Technology Real Estate Etf to open at $38.18, and during the day (based on 14 day Average True Range), to move between $37.77 and $38.73, which gives a possible trading interval of +/-$0.479 (+/-1.25%) up or down from last closing price. If First Trust Alerian Disruptive Technology Real Estate Etf takes out the full calculated possible swing range there will be an estimated 2.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $38.25 (0.01%) than the support at $38.12 (0.33%), 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 Alerian Disruptive Technology Real Estate Etf ETF A Buy?
First Trust Alerian Disruptive 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.
Current score: 0.311 Hold/Accumulate Unchanged
Predicted Opening Price for First Trust Alerian Disruptive Technology Real Estate Etf of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $38.18 ( 0.174%) | $38.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DTRE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 38.38 | 0.347% |
| R2 | 38.30 | 0.148% |
| R1 | 38.26 | 0.0253% |
| Price | 38.25 | |
| S1 | 38.10 | -0.372% |
| S2 | 38.06 | -0.495% |
| S3 | 37.98 | -0.694% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 38.70 | 1.20% |
| R2 | 38.53 | 0.739% |
| R1 | 38.25 | 0.0094% |
| Price | 38.25 | |
| S1 | 38.12 | -0.330% |
| S2 | 38.04 | -0.540% |
| S3 | 37.97 | -0.723% |
DTRE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 09, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.0311 | 0.0752% |
| 2 | Dec 15, 2023 | Dec 22, 2023 | Dec 29, 2023 | $0.382 | 0.88% |
| 3 | Dec 27, 2022 | Sep 22, 2023 | Sep 29, 2023 | $0.162 | 0.427% |
| 4 | Dec 27, 2022 | Jun 27, 2023 | Jun 30, 2023 | $0.318 | 0.790% |
| 5 | Dec 27, 2022 | Mar 24, 2023 | Mar 31, 2023 | $0.142 | 0.353% |
FAQ
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