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FIRST TRUST MORNINGSTAR DIVIDEND LEADERS ETF Forecast

$37.60
-0.140 (-0.371%)
At Close: Jun 14, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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FIRST TRUST MORNINGSTAR DIVIDEND LEADERS ETF downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 14, 2024)

Sell candidate since Jun 14, 2024 PDF

The FIRST TRUST MORNINGSTAR DIVIDEND LEADERS ETF price fell by -0.371% on the last day (Friday, 14th Jun 2024) from $37.74 to $37.60. It has now fallen 7 days in a row. During the last trading day the ETF fluctuated 0.776% from a day low at $37.38 to a day high of $37.67. The price has fallen in 9 of the last 10 days and is down by -2.74% 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 -71 thousand shares and in total, 394 thousand shares were bought and sold for approximately $14.82 million.

The ETF has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $37.62 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.

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FDL Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 0.320%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The FIRST TRUST MORNINGSTAR DIVIDEND LEADERS 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 $38.02 and $38.14. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The ETF had a Golden Star Signal on Thursday, May 02, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Buy
Special Signal Notification

Golden Star

The ETF had a Golden Star Signal on Thursday, May 02, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for FIRST TRUST MORNINGSTAR DIVIDEND LEADERS ETF

FIRST TRUST MORNINGSTAR DIVIDEND LEADERS finds support from accumulated volume at $37.38 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 $0.290 between high and low, or 0.776%. For the last week the ETF has had daily average volatility of 1.01%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (FDL) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND to open at $37.55, and during the day (based on 14 day Average True Range), to move between $37.20 and $38.00, which gives a possible trading interval of +/-$0.398 (+/-1.06%) up or down from last closing price. If FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND takes out the full calculated possible swing range there will be an estimated 2.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $37.38 (0.59%) than the resistance at $37.87 (0.72%), 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 MORNINGSTAR DIVIDEND LEADERS INDEX FUND FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND ETF A Buy?

FIRST TRUST MORNINGSTAR DIVIDEND LEADERS holds several negative signals and is within a narrow and 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.504 Sell Candidate Downgraded

Predicted Opening Price for FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
$37.55 ( 0.133%) $37.60

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

Trading levels for FDL

Fibonacci Support & Resistance Levels

Level Price
R3 37.84 0.638%
R2 37.73 0.344%
R1 37.66 0.162%
Price 37.60
S1 37.44 -0.428%
S2 37.37 -0.610%
S3 37.26 -0.90%

Accumulated Volume Support & Resistance Levels

Level Price
R3 38.36 2.02%
R2 37.90 0.798%
R1 37.87 0.718%
Price 37.60
S1 37.38 -0.585%
S2 37.25 -0.93%
S3 36.38 -3.24%

FDL Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 09, 2024 Mar 21, 2024 Mar 28, 2024 $0.332 0.86%
2 Dec 22, 2023 Dec 22, 2023 Dec 22, 2023 $0.517 1.45%
3 Dec 27, 2022 Sep 22, 2023 Sep 29, 2023 $0.361 1.08%
4 Dec 27, 2022 Jun 27, 2023 Jun 30, 2023 $0.457 1.34%
5 Dec 27, 2022 Mar 24, 2023 Mar 31, 2023 $0.310 0.87%

FAQ

What is the symbol for FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND ETF and on which exchange is it traded?
The symbol for FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND is FDL and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND ETF?
FIRST TRUST MORNINGSTAR DIVIDEND LEADERS holds several negative signals and is within a narrow and 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND ETF?
FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND ETF.

What's the current price of FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND ETF?
As of the end of day on the Jun 14, 2024, the price of an FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND (FDL) share was $37.60.

What is the 52-week high and low for FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND ETF?
The 52-week high for FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND ETF is $39.02 and the 52-week low is $31.47.

What is the market capitalization of FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND ETF?
As of the Jun 14, 2024, the market capitalization of FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND is 3.939B.
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