First Trust Senior Loan Fund ETF Forecast

Sell candidate since Mar 06, 2025 Loss -0.21%

No changes to the price of First Trust Senior Loan Fund ETF on the last trading day (Friday, 14th Mar 2025). During the last trading day the ETF fluctuated 0.109% from a day low at $45.85 to a day high of $45.90. The price has fallen in 5 of the last 10 days and is down by -0.24% for this period.

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 $45.84 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 $45.78 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 ETF seldom manage to go directly from the bottom of a trend up to the top. ETF turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the ETF price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

FTSL Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, March 13, 2025, and so far it has fallen 0%. 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 ETF. 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 $45.91 and $46.11. 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 fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

Support, Risk & Stop-loss for First Trust Senior Loan Fund ETF

There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.

In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this ETF. During the last day, the ETF moved $0.0500 between high and low, or 0.109%. For the last week the ETF has had daily average volatility of 0.170%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (FTSL) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect First Trust Senior Loan Fund ETF to open at $45.87, and during the day (based on 14 day Average True Range), to move between $45.74 and $45.96, which gives a possible trading interval of +/-$0.106 (+/-0.23%) 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 0.46% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $46.22, some $0.370 (0.81%) from the current price of $45.85, our system finds the risk reward not very attractive.

Is First Trust Senior Loan Fund ETF ETF A Buy?

First Trust Senior Loan Fund holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.

Current score: -1.268 Sell Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on March 17, 2025 - $45.87 ( 0.0364%).