FIRST TRUST ENHANCED SHORT MATURITY ETF Forecast
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
Stronger technical forecast for FIRST TRUST ENHANCED SHORT MATURITY ETF price after Wednesday trading.
(Updated on May 01, 2024)
The FIRST TRUST ENHANCED SHORT MATURITY ETF price gained 0.0336% on the last trading day (Wednesday, 1st May 2024), rising from $59.55 to $59.57. During the last trading day the ETF fluctuated 0.101% from a day low at $59.54 to a day high of $59.60. The price has risen in 7 of the last 10 days but is still down by -0.18% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 398 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $67.12 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 $59.55 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect FIRST TRUST ENHANCED SHORT MATURITY ETF with a 90% probability to be traded between $59.48 and $59.78 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 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.
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FTSM Signals & Forecast
There are mixed signals in the ETF today. The FIRST TRUST ENHANCED SHORT MATURITY 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 $59.71 and $59.71. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 0.0336%. 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 Thursday, October 12, 2023 in the long-term chart.
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 Thursday, October 12, 2023 in the long-term chart.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 Tuesday, April 30, 2024 and based on theory for this formation the price should go up by 0.140% to $59.66 within 21 trading days since signal was issued (Thursday, May 02, 2024).
Support, Risk & Stop-loss for FIRST TRUST ENHANCED SHORT MATURITY ETF
FIRST TRUST ENHANCED SHORT MATURITY finds support from accumulated volume at $59.55 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 $0.0600 between high and low, or 0.101%. For the last week the ETF has had daily average volatility of 0.0470%.
Our recommended stop-loss: $55.20 (-7.33%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (FTSM) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect FIRST TRUST ENHANCED SHORT MATURITY ETF to open at $59.57, and during the day (based on 14 day Average True Range), to move between $59.52 and $59.62, which gives a possible trading interval of +/-$0.0479 (+/-0.08%) up or down from last closing price. If FIRST TRUST ENHANCED SHORT MATURITY ETF takes out the full calculated possible swing range there will be an estimated 0.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $59.55 (0.03%) than the resistance at $59.65 (0.13%), 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 ENHANCED SHORT MATURITY ETF ETF A Buy?
FIRST TRUST ENHANCED SHORT MATURITY holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Strong Sell to a Hold/Accumulate candidate.
Current score: -0.803 Hold/Accumulate Upgraded
Predicted Opening Price for FIRST TRUST ENHANCED SHORT MATURITY ETF of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $59.57 ( 0%) | $59.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FTSM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 59.63 | 0.101 % | |
| R2 | 59.61 | 0.0622 % | ||
| R1 | 59.59 | 0.0385 % | ||
| Current price: | 59.57 | |||
| Support | S1 | 59.55 | -0.0385 % | |
| S2 | 59.53 | -0.0622 % | ||
| S3 | 59.51 | -0.101 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 59.74 | 0.285 % | |
| R2 | 59.72 | 0.252 % | ||
| R1 | 59.65 | 0.134 % | ||
| Current price | 59.57 | |||
| Support | S1 | 59.55 | -0.0336% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FTSM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 30, 2024 | May 03, 2024 | $0.249 | 0.418% |
| 2 | Mar 27, 2024 | Mar 28, 2024 | Apr 03, 2024 | $0.249 | 0.418% |
| 3 | Feb 28, 2024 | Feb 29, 2024 | Mar 05, 2024 | $0.240 | 0.402% |
| 4 | Jan 30, 2024 | Jan 31, 2024 | Feb 05, 2024 | $0.255 | 0.427% |
| 5 | Dec 22, 2023 | Dec 26, 2023 | Dec 29, 2023 | $0.253 | 0.424% |
FAQ
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