RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FTHI
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First Trust High Income ETF upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Dec 01, 2023 Gain 6.25% PDF

The First Trust High Income ETF price gained 0.313% on the last trading day (Wednesday, 27th Mar 2024), rising from $22.36 to $22.43. During the last trading day the ETF fluctuated 0.445% from a day low at $22.35 to a day high of $22.45. The price has fallen in 6 of the last 10 days but is still up by 0.31% over the past 2 weeks. Volume fell on the last day by -46 thousand shares and in total, 126 thousand shares were bought and sold for approximately $2.84 million. 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 ETF lies in the middle of a narrow and 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 5.47% during the next 3 months and, with a 90% probability hold a price between $23.54 and $23.86 at the end of this 3-month period.

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FTHI Signals & Forecast

The First Trust High Income 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 $22.43 and $22.18. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -0.444%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for First Trust High Income ETF

First Trust High Income finds support from accumulated volume at $22.09 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 $0.0995 between high and low, or 0.445%. For the last week the ETF has had daily average volatility of 0.517%.

Our recommended stop-loss: $21.65 (-3.47%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (FTHI) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect First Trust High Income ETF to open at $22.41, and during the day (based on 14 day Average True Range), to move between $22.29 and $22.57, which gives a possible trading interval of +/-$0.137 (+/-0.61%) up or down from last closing price. If First Trust High Income ETF takes out the full calculated possible swing range there will be an estimated 1.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $22.45 (0.09%) than the support at $22.09 (1.52%), 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 High Income 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 High Income ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.326 Buy Candidate Upgraded

Predicted Opening Price for First Trust High Income ETF of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$22.41 ( 0.0884%) $22.43

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

Trading levels for FTHI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 22.51 0.355 %
R2 22.47 0.186 %
R1 22.45 0.0810 %
Current price: 22.43
Support S1 22.37 -0.258 %
S2 22.35 -0.363 %
S3 22.31 -0.532 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 22.53 0.446 %
R1 22.45 0.0892 %
Current price 22.43
Support S1 22.09 -1.52%
S2 21.69 -3.30%
S3 21.43 -4.46%

FTHI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 21, 2024 Mar 21, 2024 Mar 28, 2024 $0.160 0.715%
2 Feb 20, 2024 Feb 21, 2024 Feb 29, 2024 $0.160 0.724%
3 Jan 22, 2024 Jan 23, 2024 Jan 31, 2024 $0.160 0.740%
4 Dec 21, 2023 Dec 22, 2023 Dec 29, 2023 $0.152 0.712%
5 Nov 20, 2023 Nov 21, 2023 Nov 30, 2023 $0.152 0.725%

FAQ

What is the symbol for First Trust High Income ETF ETF and on which exchange is it traded?
The symbol for First Trust High Income ETF is FTHI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell First Trust High Income ETF ETF?
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 High Income ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy First Trust High Income ETF ETF?
First Trust High Income ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy First Trust High Income ETF ETF.

What's the current price of First Trust High Income ETF ETF?
As of the end of day on the 2024-03-27, the price of an First Trust High Income ETF (FTHI) share was $22.43.

What is the 52-week high and low for First Trust High Income ETF ETF?
The 52-week high for First Trust High Income ETF ETF is $22.59 and the 52-week low is $19.56.

What is the market capitalization of First Trust High Income ETF ETF?
As of the 2024-03-27, the market capitalization of First Trust High Income ETF is 494.134M.
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About First Trust High Income ETF

The investment seeks current income; capital appreciation is a secondary objective. The fund will pursue its objectives by investing in equity securities listed on U.S. exchanges and by utilizing an "option strategy" consisting of writing (selling) U.S. exchange-traded covered call options on the Standard & Poor's 500(R) Index (the "index"). The call options written by the fund will typically be less than one year. The fund is non-diversifie... FTHI Profile

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