First Trust Indxx Global Agriculture ETF Forecast
First Trust Indxx Global Agriculture ETF price ended at $24.94 on Friday, after gaining 0.358%.
(Updated on Apr 19, 2024)
The First Trust Indxx Global Agriculture ETF price gained 0.358% on the last trading day (Friday, 19th Apr 2024), rising from $24.85 to $24.94. 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 0.0802% from a day low at $24.94 to a day high of $24.96. The price has been going up and down for this period, and there has been a -3.89% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately $28.69 thousand.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $24.81 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 7.53% during the next 3 months and, with a 90% probability hold a price between $26.68 and $28.37 at the end of this 3-month period.
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FTAG Signals & Forecast
First Trust Indxx Global Agriculture 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The First Trust Indxx Global Agriculture 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 $25.01 and $25.10. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -4.60%. 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).
Support, Risk & Stop-loss for First Trust Indxx Global Agriculture ETF
First Trust Indxx Global Agriculture finds support from accumulated volume at $24.85 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 $0.0200 between high and low, or 0.0802%. For the last week the ETF has had daily average volatility of 0.230%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FTAG) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect First Trust Indxx Global Agriculture ETF to open at $24.95, and during the day (based on 14 day Average True Range), to move between $24.74 and $25.15, which gives a possible trading interval of +/-$0.204 (+/-0.82%) up or down from last closing price. If First Trust Indxx Global Agriculture ETF takes out the full calculated possible swing range there will be an estimated 1.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.85 (0.39%) than the resistance at $25.25 (1.23%), 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 Indxx Global Agriculture ETF ETF A Buy?
The First Trust Indxx Global Agriculture ETF holds several negative signals and despite the positive trend, we believe First Trust Indxx Global Agriculture will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -2.544 Sell Candidate Unchanged
Predicted Opening Price for First Trust Indxx Global Agriculture ETF of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $24.95 ( 0.0174%) | $24.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FTAG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.97 | 0.0976 % | |
| R2 | 24.96 | 0.0669 % | ||
| R1 | 24.96 | 0.0480 % | ||
| Current price: | 24.94 | |||
| Support | S1 | 24.94 | -0.0133 % | |
| S2 | 24.94 | -0.0322 % | ||
| S3 | 24.93 | -0.0628 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.95 | 4.04 % | |
| R2 | 25.48 | 2.15 % | ||
| R1 | 25.25 | 1.23 % | ||
| Current price | 24.94 | |||
| Support | S1 | 24.85 | -0.395% | |
| S2 | 24.27 | -2.72% | ||
| S3 | 24.09 | -3.42% |
FTAG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.0166 | 0.0647% |
| 2 | Dec 22, 2023 | Dec 22, 2023 | Dec 29, 2023 | $0.145 | 0.566% |
| 3 | Sep 21, 2023 | Sep 22, 2023 | Sep 29, 2023 | $0.0360 | 0.139% |
| 4 | Jun 26, 2023 | Jun 27, 2023 | Jun 30, 2023 | $0.751 | 2.80% |
| 5 | Dec 22, 2022 | Dec 23, 2022 | Dec 30, 2022 | $0.174 | 0.609% |
FAQ
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