First Trust Intermediate Duration Stock Forecast

Green day on Wednesday for First Trust Intermediate Duration
(Updated on Apr 17, 2024)

FPF Signals & Forecast

The First Trust Intermediate Duration stock 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 $17.06 and $17.57. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 1.50%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for First Trust Intermediate Duration stock

First Trust Intermediate Duration finds support from accumulated volume at $16.89 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.190 (1.13%) between high and low. For the last week, the stock has had daily average volatility of 2.02%.

First Trust Intermediate Duration is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $15.97 (-5.52%) (This stock has low daily movements and this gives low risk. Low RSI14 is 22 which reduces the risk some. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (FPF) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect First Trust Intermediate Duration Preferred & Income Fund to open at $16.87, and during the day (based on 14 day Average True Range), to move between $16.68 and $17.12, which gives a possible trading interval of +/-$0.216 (+/-1.28%) up or down from last closing price. If First Trust Intermediate Duration Preferred & Income Fund takes out the full calculated possible swing range there will be an estimated 2.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $16.89 (0.06%) than the resistance at $17.24 (2.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is First Trust Intermediate Duration Preferred & Income Fund stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 2.373 Buy Candidate Unchanged

Predicted Opening Price for First Trust Intermediate Duration Preferred & Income Fund of Thursday, April 18, 2024

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