First Trust Senior Loan Fund ETF Forecast
Red day on Tuesday for First Trust Senior Loan Fund
(Updated on Jul 02, 2024)
The First Trust Senior Loan Fund ETF price fell by -0.0218% on the last day (Tuesday, 2nd Jul 2024) from $45.80 to $45.79. During the last trading day the ETF fluctuated 0.0874% from a day low at $45.78 to a day high of $45.82. The price has been going up and down for this period, and there has been a -0.41% loss for the last 2 weeks. Volume has increased on the last day by 34 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 224 thousand shares were bought and sold for approximately $10.24 million.
The ETF is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $45.70 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect First Trust Senior Loan Fund ETF with a 90% probability to be traded between $45.42 and $45.90 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
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 0.175%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The First Trust Senior Loan Fund 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 $45.85 and $46.04. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for First Trust Senior Loan Fund ETF
First Trust Senior Loan Fund finds support from accumulated volume at $45.71 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 $0.0400 between high and low, or 0.0874%. For the last week the ETF has had daily average volatility of 0.230%.
Our recommended stop-loss: $43.31 (-5.42%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (FTSL) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect First Trust Senior Loan Fund ETF to open at $45.80, and during the day (based on 14 day Average True Range), to move between $45.69 and $45.89, which gives a possible trading interval of +/-$0.102 (+/-0.22%) 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 0.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $45.71 (0.17%) than the resistance at $45.97 (0.39%), 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 Senior Loan Fund ETF ETF A Buy?
First Trust Senior Loan Fund holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.730 Hold/Accumulate Unchanged
Predicted Opening Price for First Trust Senior Loan Fund ETF of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $45.80 ( 0.0146%) | $45.79 |
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 | |
|---|---|---|
| R3 | 45.84 | 0.102% |
| R2 | 45.82 | 0.0685% |
| R1 | 45.81 | 0.0479% |
| Price | 45.79 | |
| S1 | 45.78 | -0.0188% |
| S2 | 45.77 | -0.0394% |
| S3 | 45.76 | -0.0728% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 46.22 | 0.94% |
| R2 | 46.15 | 0.786% |
| R1 | 45.97 | 0.393% |
| Price | 45.79 | |
| S1 | 45.71 | -0.175% |
| S2 | 0 | - |
| S3 | 0 | - |
FTSL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2024 | May 21, 2024 | May 31, 2024 | $0.293 | 0.635% |
| 2 | Apr 22, 2024 | Apr 23, 2024 | Apr 30, 2024 | $0.295 | 0.642% |
| 3 | Mar 21, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.300 | 0.649% |
| 4 | Feb 20, 2024 | Feb 21, 2024 | Feb 29, 2024 | $0.300 | 0.650% |
| 5 | Jan 22, 2024 | Jan 23, 2024 | Jan 31, 2024 | $0.308 | 0.671% |
FAQ
Click here for our free guide on how to buy First Trust Senior Loan Fund ETF ETF.
