First Trust Senior Loan Fund ETF Forecast
First Trust Senior Loan Fund ETF upgraded to Buy Candidate.
(Updated on Apr 18, 2024)
The First Trust Senior Loan Fund ETF price gained 0.130% on the last trading day (Thursday, 18th Apr 2024), rising from $46.16 to $46.22. During the last trading day the ETF fluctuated 0.369% from a day low at $46.06 to a day high of $46.23. The price has been going up and down for this period, and there has been a 0.15% gain 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, 87 thousand more shares were traded than the day before. In total, 436 thousand shares were bought and sold for approximately $20.15 million.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect First Trust Senior Loan Fund ETF with a 90% probability to be traded between $46.36 and $46.80 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FTSL Signals & Forecast
Mostly positive signals in the chart today. The First Trust Senior Loan Fund 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 $46.17 and $46.22. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 0.544%. 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). Volume is rising along with the price. This is considered to be a good technical signal. The ETF had a Golden Star Signal on Tuesday, April 16, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, June 30, 2023.
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
The ETF had a Golden Star Signal on Tuesday, April 16, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, June 30, 2023.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, April 16, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, June 30, 2023.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.
A buy signal from a double bottom formation was found on Monday, March 25, 2024 with a target of $45.92. Despite whether the objective of the signal formation has been reached the ETF may continue to perform well.
Support, Risk & Stop-loss for First Trust Senior Loan Fund ETF
First Trust Senior Loan Fund finds support from accumulated volume at $46.18 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 $0.170 between high and low, or 0.369%. For the last week the ETF has had daily average volatility of 0.429%.
Our recommended stop-loss: $42.31 (-8.45%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (FTSL) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect First Trust Senior Loan Fund ETF to open at $46.17, and during the day (based on 14 day Average True Range), to move between $46.06 and $46.38, which gives a possible trading interval of +/-$0.163 (+/-0.35%) up or down from last closing price. If First Trust Senior Loan Fund ETF takes out the full calculated possible swing range there will be an estimated 0.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $46.23 (0.02%) than the support at $46.18 (0.09%), 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 Senior Loan Fund 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 Senior Loan Fund ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.525 Buy Candidate Upgraded
Predicted Opening Price for First Trust Senior Loan Fund ETF of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $46.17 ( 0.108%) | $46.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FTSL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.34 | 0.260 % | |
| R2 | 46.28 | 0.119 % | ||
| R1 | 46.23 | 0.0323 % | ||
| Current price: | 46.22 | |||
| Support | S1 | 46.11 | -0.249 % | |
| S2 | 46.06 | -0.335 % | ||
| S3 | 46.00 | -0.476 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.35 | 0.281 % | |
| R2 | 46.28 | 0.130 % | ||
| R1 | 46.23 | 0.0216 % | ||
| Current price | 46.22 | |||
| Support | S1 | 46.18 | -0.0865% | |
| S2 | 46.15 | -0.151% | ||
| S3 | 46.09 | -0.281% |
FTSL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.300 | 0.649% |
| 2 | Feb 20, 2024 | Feb 21, 2024 | Feb 29, 2024 | $0.300 | 0.650% |
| 3 | Jan 22, 2024 | Jan 23, 2024 | Jan 31, 2024 | $0.308 | 0.671% |
| 4 | Dec 22, 2023 | Dec 22, 2023 | Dec 29, 2023 | $0.303 | 0.657% |
| 5 | Nov 20, 2023 | Nov 21, 2023 | Nov 30, 2023 | $0.295 | 0.645% |
FAQ
Click here for our free guide on how to buy First Trust Senior Loan Fund ETF ETF.
