First Trust International Developed Cap ETF Forecast

First Trust International Developed Cap ETF downgraded from Buy Candidate to Sell Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)

FICS Signals & Forecast

There are few to no technical positive signals at the moment. The First Trust International Developed Cap 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 $34.95. On a fall, the ETF will find some support from the short-term average at $34.88. 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 Thursday, June 06, 2024, and so far it has fallen -2.08%. 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 International Developed Cap ETF

First Trust International Developed Cap finds support from accumulated volume at $34.79 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 $0.200 between high and low, or 0.575%. For the last week the ETF has had daily average volatility of 0.482%.

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

Trading Expectations (FICS) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect First Trust International Developed Cap Strength Etf to open at $34.90, and during the day (based on 14 day Average True Range), to move between $34.58 and $35.26, which gives a possible trading interval of +/-$0.345 (+/-0.99%) up or down from last closing price. If First Trust International Developed Cap Strength Etf takes out the full calculated possible swing range there will be an estimated 1.97% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $34.95 (0.09%) than the support at $34.79 (0.37%), 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 International Developed Cap Strength Etf ETF A Buy?

The First Trust International Developed Cap ETF holds several negative signals and despite the positive trend, we believe First Trust International Developed Cap will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.

Current score: -2.464 Sell Candidate Downgraded

Predicted Opening Price for First Trust International Developed Cap Strength Etf of Wednesday, June 26, 2024

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