First Trust Developed Markets Ex-US ETF Forecast
First Trust Developed Markets Ex-US ETF price down 0.746% on Thursday
(Updated on Apr 25, 2024)
The First Trust Developed Markets Ex-US ETF price fell by -0.746% on the last day (Thursday, 25th Apr 2024) from $54.94 to $54.53. During the last trading day the ETF fluctuated 1.21% from a day low at $53.93 to a day high of $54.58. The price has fallen in 5 of the last 10 days and is down by -1.98% for this period. Volume has increased on the last day by 57 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 106 thousand shares were bought and sold for approximately $5.76 million.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $54.07 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 6.89% during the next 3 months and, with a 90% probability hold a price between $57.79 and $60.94 at the end of this 3-month period.
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FDT Signals & Forecast
There are few to no technical positive signals at the moment. The First Trust Developed Markets Ex-US ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $55.24. On a fall, the ETF will find some support from the short-term average at $54.34. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -3.14%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for First Trust Developed Markets Ex-US ETF
First Trust Developed Markets Ex-US finds support from accumulated volume at $52.66 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 $0.650 between high and low, or 1.21%. For the last week the ETF has had daily average volatility of 1.05%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FDT) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect First Trust Developed Markets Ex-US AlphaDEX Fund to open at $54.35, and during the day (based on 14 day Average True Range), to move between $53.79 and $55.27, which gives a possible trading interval of +/-$0.743 (+/-1.36%) up or down from last closing price. If First Trust Developed Markets Ex-US AlphaDEX Fund takes out the full calculated possible swing range there will be an estimated 2.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $54.94 (0.75%) than the support at $52.66 (3.43%), 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 Developed Markets Ex-US AlphaDEX Fund ETF A Buy?
The First Trust Developed Markets Ex-US ETF holds several negative signals and despite the positive trend, we believe First Trust Developed Markets Ex-US will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -4.579 Sell Candidate Unchanged
Predicted Opening Price for First Trust Developed Markets Ex-US AlphaDEX Fund of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $54.35 ( 0.336%) | $54.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FDT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 55.00 | 0.86 % | |
| R2 | 54.75 | 0.400 % | ||
| R1 | 54.59 | 0.119 % | ||
| Current price: | 54.53 | |||
| Support | S1 | 54.10 | -0.792 % | |
| S2 | 53.94 | -1.07 % | ||
| S3 | 53.70 | -1.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 55.81 | 2.35 % | |
| R2 | 55.57 | 1.91 % | ||
| R1 | 54.94 | 0.752 % | ||
| Current price | 54.53 | |||
| Support | S1 | 52.66 | -3.43% | |
| S2 | 52.56 | -3.61% | ||
| S3 | 52.24 | -4.20% |
FDT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.196 | 0.350% |
| 2 | Dec 22, 2023 | Dec 22, 2023 | Dec 29, 2023 | $0.93 | 1.77% |
| 3 | Sep 21, 2023 | Sep 22, 2023 | Sep 29, 2023 | $0.276 | 0.549% |
| 4 | Jun 26, 2023 | Jun 27, 2023 | Jun 30, 2023 | $0.88 | 1.71% |
| 5 | Mar 23, 2023 | Mar 24, 2023 | Mar 31, 2023 | $0.205 | 0.404% |
FAQ
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