First Trust IPOX Europe Equity ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
First Trust IPOX Europe Equity ETF price ended at $25.99 on Friday, after gaining 0.483%.
(Updated on May 31, 2024)
The First Trust IPOX Europe Equity ETF price gained 0.483% on the last trading day (Friday, 31st May 2024), rising from $25.87 to $25.99. During the last trading day the ETF fluctuated 0.85% from a day low at $25.77 to a day high of $25.99. The price has risen in 6 of the last 10 days and is up by 1.01% over the past 2 weeks. Volume fell on the last day by -383 shares and in total, 141 shares were bought and sold for approximately $3.66 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETFis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $26.10 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect First Trust IPOX Europe Equity ETF with a 90% probability to be traded between $24.01 and $26.57 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.
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FPXE Signals & Forecast
There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -0.345%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The First Trust IPOX Europe Equity ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $25.89 and $24.89. A breakdown below any of these levels will issue sell signals. The ETF had a Golden Star Signal on Tuesday, July 11, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Tuesday, July 11, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for First Trust IPOX Europe Equity ETF
First Trust IPOX Europe Equity finds support from accumulated volume at $25.74 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 controlled movements and therefore the general risk is considered 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 $0.220 between high and low, or 0.85%. For the last week the ETF has had daily average volatility of 0.221%.
Our recommended stop-loss: $25.15 (-3.22%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 29 days ago.)
Trading Expectations (FPXE) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect First Trust IPOX Europe Equity Opportunities ETF to open at $25.92, and during the day (based on 14 day Average True Range), to move between $25.78 and $26.20, which gives a possible trading interval of +/-$0.210 (+/-0.81%) up or down from last closing price. If First Trust IPOX Europe Equity Opportunities ETF takes out the full calculated possible swing range there will be an estimated 1.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $26.06 (0.25%) than the support at $25.74 (0.96%), 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 IPOX Europe Equity Opportunities ETF ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for First Trust IPOX Europe Equity ETF to perform well in the short-term period.
Current score: 1.819 Buy Candidate Unchanged
Predicted Opening Price for First Trust IPOX Europe Equity Opportunities ETF of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $25.92 ( 0.282%) | $25.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FPXE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.14 | 0.564 % | |
| R2 | 26.05 | 0.241 % | ||
| R1 | 26.00 | 0.0412 % | ||
| Current price: | 25.99 | |||
| Support | S1 | 25.83 | -0.606 % | |
| S2 | 25.78 | -0.81 % | ||
| S3 | 25.70 | -1.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 26.08 | 0.346 % | ||
| R1 | 26.06 | 0.250 % | ||
| Current price | 25.99 | |||
| Support | S1 | 25.74 | -0.96% | |
| S2 | 25.20 | -3.06% | ||
| S3 | 24.78 | -4.66% |
FPXE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.0594 | 0.235% |
| 2 | Dec 22, 2023 | Dec 22, 2023 | Dec 29, 2023 | $0.185 | 0.82% |
| 3 | Sep 21, 2023 | Sep 22, 2023 | Sep 29, 2023 | $0.0620 | 0.299% |
| 4 | Jun 26, 2023 | Jun 27, 2023 | Jun 30, 2023 | $0.207 | 0.96% |
| 5 | Dec 22, 2022 | Dec 23, 2022 | Dec 30, 2022 | $0.0330 | 0.165% |
FAQ
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