First Trust Dow Jones International ETF Forecast
Stronger technical forecast for First Trust Dow Jones International ETF price after Wednesday trading.
(Updated on Apr 24, 2024)
The First Trust Dow Jones International ETF price gained 0.454% on the last trading day (Wednesday, 24th Apr 2024), rising from $23.33 to $23.44. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.793% from a day low at $23.33 to a day high of $23.52. The price has risen in 6 of the last 10 days and is up by 2.72% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 17 thousand more shares were traded than the day before. In total, 21 thousand shares were bought and sold for approximately $490.27 thousand.
The ETF lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $23.63 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 4.79% during the next 3 months and, with a 90% probability hold a price between $22.94 and $24.76 at the end of this 3-month period.
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FDNI Signals & Forecast
The First Trust Dow Jones International ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $22.44 and $22.70. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 7.33%. Further rise is indicated until a new top pivot has been found. First Trust Dow Jones International 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for First Trust Dow Jones International ETF
First Trust Dow Jones International finds support from accumulated volume at $23.09 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 $0.185 (0.793%) between high and low. For the last week, the ETF has had daily average volatility of 0.86%.
Our recommended stop-loss: $22.54 (-3.84%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (FDNI) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect First Trust Dow Jones International Internet ETF to open at $23.43, and during the day (based on 14 day Average True Range), to move between $23.10 and $23.78, which gives a possible trading interval of +/-$0.336 (+/-1.43%) up or down from last closing price. If First Trust Dow Jones International Internet ETF takes out the full calculated possible swing range there will be an estimated 2.87% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $23.09, some $0.354 (1.51%) from the current price of $23.44, our system finds the risk reward attractive.
Is First Trust Dow Jones International Internet ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for First Trust Dow Jones International ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.796 Buy Candidate Upgraded
Predicted Opening Price for First Trust Dow Jones International Internet ETF of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $23.43 ( 0.0498%) | $23.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FDNI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.61 | 0.739 % | |
| R2 | 23.54 | 0.438 % | ||
| R1 | 23.50 | 0.252 % | ||
| Current price: | 23.44 | |||
| Support | S1 | 23.36 | -0.351 % | |
| S2 | 23.31 | -0.538 % | ||
| S3 | 23.24 | -0.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 23.44 | |||
| Support | S1 | 23.09 | -1.51% | |
| S2 | 22.79 | -2.77% | ||
| S3 | 22.73 | -3.01% |
FDNI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 23, 2023 | Mar 24, 2023 | Mar 31, 2023 | $0.0900 | 0.372% |
| 2 | Dec 23, 2020 | Dec 24, 2020 | Dec 31, 2020 | $0.0740 | 0.163% |
| 3 | Dec 13, 2019 | Dec 13, 2019 | Dec 31, 2019 | $0.309 | 1.26% |
| 4 | Sep 25, 2019 | Sep 25, 2019 | Sep 30, 2019 | $0.445 | 2.12% |
| 5 | Jun 13, 2019 | Jun 14, 2019 | Jun 28, 2019 | $0.0110 | 0.0503% |
FAQ
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