0% commission for ETF tradesFirst Trust Senior Loan Fund ETF Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
A buy signal generated when short-term moving averages cross long-term moving averages in an upward direction.
Sell Signal (MA)
A sell signal generated when short-term moving averages cross long-term moving averages in a downward direction.
AI Analysis of FTSL
| Stock Analysis |
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| Risk Assessment |
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| Trading Strategy |
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First Trust Senior Loan Fund ETF price up 0.173% on Thursday
(Updated on Sep 19, 2024)
Buy candidate since Sep 17, 2024
Gain 0.19%
The First Trust Senior Loan Fund ETF price gained 0.173% on the last trading day (Thursday, 19th Sep 2024), rising from $46.18 to $46.26. It has now gained 9 days in a row. It is not often that ETF manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the ETF fluctuated 0.108% from a day low at $46.23 to a day high of $46.28. The price has risen in 9 of the last 10 days and is up by 0.74% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 205 thousand shares were bought and sold for approximately $9.48 million.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $46.29 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect First Trust Senior Loan Fund ETF with a 90% probability to be traded between $45.60 and $46.35 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.
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. 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 $46.14 and $45.93. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, August 05, 2024, and so far it has risen 1.65%. 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 Friday, September 06, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, September 10, 2024.
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 Friday, September 06, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, September 10, 2024.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 Friday, September 06, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, September 10, 2024.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.
Support, Risk & Stop-loss for First Trust Senior Loan Fund ETF
First Trust Senior Loan Fund finds support from accumulated volume at $45.89 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 $0.0499 between high and low, or 0.108%. For the last week the ETF has had daily average volatility of 0.156%.
The First Trust Senior Loan Fund ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETF may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the ETF manages to break the trend before that occurs. Since the First Trust Senior Loan Fund has been rising for 9 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the ETF is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $42.75 (-7.60%) (This ETF has low daily movements and this gives low risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from a pivot bottom found 42 days ago.)
Trading Expectations (FTSL) For The Upcoming Trading Day Of Friday 20th
For the upcoming trading day on Friday, 20th we expect First Trust Senior Loan Fund ETF to open at $46.26, and during the day (based on 14 day Average True Range), to move between $46.15 and $46.37, which gives a possible trading interval of +/-$0.114 (+/-0.25%) 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 0.49% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $45.89, some $0.370 (0.80%) from the current price of $46.26, our system finds the risk reward attractive.
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.
Current score:
4.432
Buy Candidate
Unchanged
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Predicted Fair Opening Price
Predicted fair opening price on September 20, 2024 - $46.26 ( 0.0073%). 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 | 46.31 | 0.101% |
| R2 | 46.29 | 0.0594% |
| R1 | 46.28 | 0.0339% |
| Price | 46.26 | |
| S1 | 46.24 | -0.0485% |
| S2 | 46.23 | -0.0739% |
| S3 | 46.21 | -0.115% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 46.26 | |
| S1 | 45.89 | -0.80% |
| S2 | 45.87 | -0.84% |
| S3 | 45.86 | -0.86% |
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
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