First Trust International IPO ETF Forecast
First Trust International IPO ETF price ended at $46.11 on Friday, after gaining 1.74%.
(Updated on May 03, 2024)
The First Trust International IPO ETF price gained 1.74% on the last trading day (Friday, 3rd May 2024), rising from $45.32 to $46.11. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 1.20% from a day low at $45.72 to a day high of $46.27. The price has risen in 7 of the last 10 days and is up by 5.54% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 935 more shares were traded than the day before. In total, 10 thousand shares were bought and sold for approximately $483.79 thousand.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 2.85% during the next 3 months and, with a 90% probability hold a price between $45.16 and $49.32 at the end of this 3-month period.
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FPXI Signals & Forecast
Mostly positive signals in the chart today. The First Trust International IPO ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $45.11 and $45.78. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 5.54%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). First Trust International IPO has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for First Trust International IPO ETF
First Trust International IPO finds support from accumulated volume at $45.78 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.550 (1.20%) between high and low. For the last week, the ETF has had daily average volatility of 1.34%.
Our recommended stop-loss: $43.93 (-4.73%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (FPXI) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect First Trust International IPO ETF to open at $46.03, and during the day (based on 14 day Average True Range), to move between $45.43 and $46.79, which gives a possible trading interval of +/-$0.684 (+/-1.48%) up or down from last closing price. If First Trust International IPO ETF takes out the full calculated possible swing range there will be an estimated 2.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $46.27 (0.35%) than the support at $45.78 (0.72%), 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 IPO ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for First Trust International IPO ETF to perform well in the short-term.
Current score: 1.898 Buy Candidate Unchanged
Predicted Opening Price for First Trust International IPO ETF of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $46.03 ( 0.166%) | $46.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FPXI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.58 | 1.03 % | |
| R2 | 46.37 | 0.571 % | ||
| R1 | 46.24 | 0.289 % | ||
| Current price: | 46.11 | |||
| Support | S1 | 45.82 | -0.622 % | |
| S2 | 45.69 | -0.90 % | ||
| S3 | 45.48 | -1.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 47.08 | 2.10 % | |
| R2 | 46.64 | 1.15 % | ||
| R1 | 46.27 | 0.347 % | ||
| Current price | 46.11 | |||
| Support | S1 | 45.78 | -0.716% | |
| S2 | 45.10 | -2.19% | ||
| S3 | 41.55 | -9.89% |
FPXI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 22, 2023 | Dec 22, 2023 | Dec 29, 2023 | $0.0874 | 0.207% |
| 2 | Sep 21, 2023 | Sep 22, 2023 | Sep 29, 2023 | $0.0730 | 0.190% |
| 3 | Jun 26, 2023 | Jun 27, 2023 | Jun 30, 2023 | $0.135 | 0.344% |
| 4 | Mar 23, 2023 | Mar 24, 2023 | Mar 31, 2023 | $0.0050 | 0.0123% |
| 5 | Dec 22, 2022 | Dec 23, 2022 | Dec 30, 2022 | $0.115 | 0.296% |
FAQ
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