First 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)
Buy Signal from Moving Average: Indicates potential upward movement.
Sell Signal (MA)
Sell Signal from Moving Average: Indicates potential downward movement.
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
AI Analysis of FTSL
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Evaluation of First Trust Senior Loan Fund ETF downgraded after the last trading session
(Updated on Oct 03, 2024)
Sell candidate since Oct 03, 2024
The First Trust Senior Loan Fund ETF price gained 0.0435% on the last trading day (Thursday, 3rd Oct 2024), rising from $45.97 to $45.99. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.239% from a day low at $45.96 to a day high of $46.07. The price has risen in 4 of the last 10 days but is still down by -0.58% for this period. Volume fell on the last day by -107 thousand shares and in total, 182 thousand shares were bought and sold for approximately $8.39 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 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 $45.58 and $46.31 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
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. The First Trust Senior Loan Fund ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $46.00. On a fall, the ETF will find some support from the short-term average at $45.97. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, September 19, 2024, and so far it has fallen -0.584%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Friday, September 06, 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 Friday, September 06, 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 Friday, September 06, 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 $45.90 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 $0.110 between high and low, or 0.239%. For the last week the ETF has had daily average volatility of 0.256%.
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 Friday 4th
For the upcoming trading day on Friday, 4th we expect First Trust Senior Loan Fund ETF to open at $46.01, and during the day (based on 14 day Average True Range), to move between $45.87 and $46.11, which gives a possible trading interval of +/-$0.117 (+/-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 0.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $46.01 (0.04%) than the support at $45.90 (0.20%), 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?
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score:
-1.565
Sell Candidate
Downgraded
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Predicted Fair Opening Price
Predicted fair opening price on October 4, 2024 - $46.01 ( 0.0362%). 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 | 46.12 | 0.275% |
| R2 | 46.07 | 0.184% |
| R1 | 46.05 | 0.128% |
| Price | 45.99 | |
| S1 | 45.96 | -0.0551% |
| S2 | 45.94 | -0.112% |
| S3 | 45.90 | -0.203% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 46.22 | 0.500% |
| R2 | 46.02 | 0.0652% |
| R1 | 46.01 | 0.0435% |
| Price | 45.99 | |
| S1 | 45.90 | -0.196% |
| S2 | 45.89 | -0.217% |
| S3 | 45.86 | -0.283% |
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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