FIRST TRUST EMERGING ETF Forecast
Red day on Thursday for FIRST TRUST EMERGING ETF after losing 0.389%
(Updated on Mar 28, 2024)
The FIRST TRUST EMERGING ETF price fell by -0.389% on the last day (Thursday, 28th Mar 2024) from $28.28 to $28.17. During the last trading day the ETF fluctuated 1.39% from a day low at $28.06 to a day high of $28.45. The price has fallen in 7 of the last 10 days and is down by -1.35% for this period. Volume has increased on the last day by 7 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, 20 thousand shares were bought and sold for approximately $564.36 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 EMERGING ETF with a 90% probability to be traded between $27.41 and $28.17 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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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 $28.28 and $28.42. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 08, 2024, and so far it has fallen -2.83%. 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). FIRST TRUST EMERGING gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.390 between high and low, or 1.39%. For the last week the ETF has had daily average volatility of 0.94%.
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 Monday 1st
For the upcoming trading day on Monday, 1st we expect FIRST TRUST EMERGING MARKETS LOCAL CURRENCY BOND ETF to open at $28.23, and during the day (based on 14 day Average True Range), to move between $27.50 and $28.84, which gives a possible trading interval of +/-$0.668 (+/-2.37%) 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 4.74% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $28.51, some $0.340 (1.21%) from the current price of $28.17, 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: -1.047 Sell Candidate Unchanged
Predicted Opening Price for FIRST TRUST EMERGING MARKETS LOCAL CURRENCY BOND ETF of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$28.23 ( 0.201%) | $28.17 |
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 | 28.62 | 1.59 % | |
R2 | 28.47 | 1.06 % | ||
R1 | 28.38 | 0.730 % | ||
Current price: | 28.17 | |||
Support | S1 | 28.08 | -0.328 % | |
S2 | 27.99 | -0.654 % | ||
S3 | 27.84 | -1.18 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 29.13 | 3.41 % | |
R2 | 28.85 | 2.40 % | ||
R1 | 28.51 | 1.21 % | ||
Current price | 28.17 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
FEMB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 21, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.133 | 0.472% |
2 | Feb 20, 2024 | Feb 21, 2024 | Feb 29, 2024 | $0.133 | 0.467% |
3 | Jan 22, 2024 | Jan 23, 2024 | Jan 31, 2024 | $0.125 | 0.436% |
4 | Dec 21, 2023 | Dec 22, 2023 | Dec 29, 2023 | $0.125 | 0.429% |
5 | Nov 20, 2023 | Nov 21, 2023 | Nov 30, 2023 | $0.125 | 0.442% |
FAQ
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