FIRST TRUST EMERGING ETF Forecast
FIRST TRUST EMERGING ETF price ended at $27.11 on Thursday, after losing 0.0737%.
(Updated on Apr 25, 2024)
The FIRST TRUST EMERGING ETF price fell by -0.0737% on the last day (Thursday, 25th Apr 2024) from $27.13 to $27.11. During the last trading day the ETF fluctuated 0.94% from a day low at $27.00 to a day high of $27.25. The price has fallen in 7 of the last 10 days and is down by -3.45% 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 -238 thousand shares and in total, 37 thousand shares were bought and sold for approximately $1.02 million.
The ETF has broken the narrow and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($27.51) are considered to be a "second chance" to get out. According to the fan-theory $26.72 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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FEMB Signals & Forecast
There are few to no technical positive signals at the moment. The FIRST TRUST EMERGING 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 $27.24 and $28.08. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -4.88%. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for FIRST TRUST EMERGING ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.255 between high and low, or 0.94%. For the last week the ETF has had daily average volatility of 0.89%
FIRST TRUST EMERGING is oversold on RSI14 (21). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FEMB) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect FIRST TRUST EMERGING MARKETS LOCAL CURRENCY BOND ETF to open at $27.12, and during the day (based on 14 day Average True Range), to move between $26.69 and $27.53, which gives a possible trading interval of +/-$0.422 (+/-1.56%) up or down from last closing price. If FIRST TRUST EMERGING MARKETS LOCAL CURRENCY BOND ETF takes out the full calculated possible swing range there will be an estimated 3.12% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $27.13, some $0.0200 (0.07%) from the current price of $27.11, our system finds the risk reward not very attractive.
Is FIRST TRUST EMERGING MARKETS LOCAL CURRENCY BOND ETF ETF A Buy?
FIRST TRUST EMERGING 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.
Current score: -2.883 Sell Candidate Unchanged
Predicted Opening Price for FIRST TRUST EMERGING MARKETS LOCAL CURRENCY BOND ETF of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$27.12 ( 0.0307%) | $27.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FEMB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 27.37 | 0.97 % | |
R2 | 27.28 | 0.612 % | ||
R1 | 27.22 | 0.390 % | ||
Current price: | 27.11 | |||
Support | S1 | 27.02 | -0.329 % | |
S2 | 26.96 | -0.551 % | ||
S3 | 26.86 | -0.91 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 28.51 | 5.16 % | |
R2 | 28.40 | 4.76 % | ||
R1 | 27.13 | 0.0738 % | ||
Current price | 27.11 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
FEMB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 22, 2024 | Apr 23, 2024 | Apr 30, 2024 | $0.133 | 0.489% |
2 | Mar 21, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.133 | 0.470% |
3 | Feb 20, 2024 | Feb 21, 2024 | Feb 29, 2024 | $0.133 | 0.467% |
4 | Jan 22, 2024 | Jan 23, 2024 | Jan 31, 2024 | $0.125 | 0.436% |
5 | Dec 21, 2023 | Dec 22, 2023 | Dec 29, 2023 | $0.125 | 0.429% |
FAQ
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