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AI Analysis of FTXN
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Evaluation of FIRST TRUST NASDAQ OIL & GAS ETF downgraded after the last trading session.
(Updated on Apr 12, 2024)

Buy or Hold candidate since Feb 29, 2024 Gain 13.14% PDF

The FIRST TRUST NASDAQ OIL & GAS ETF price fell by -1.41% on the last day (Friday, 12th Apr 2024) from $33.36 to $32.89. During the last trading day the ETF fluctuated 2.93% from a day low at $32.76 to a day high of $33.72. The price has been going up and down for this period, and there has been a 1.84% gain for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -22 thousand shares and in total, 36 thousand shares were bought and sold for approximately $1.18 million.

The ETF lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 24.52% during the next 3 months and, with a 90% probability hold a price between $40.23 and $42.55 at the end of this 3-month period.

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FTXN Signals & Forecast

The FIRST TRUST NASDAQ OIL & GAS ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $33.32. On a fall, the ETF will find some support from the long-term average at approximately $31.23. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -2.16%. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for FIRST TRUST NASDAQ OIL & GAS ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $27.99 and $27.15. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, FIRST TRUST NASDAQ OIL & GAS finds support just below today's level at $27.99. If this is broken, then the next support from accumulated volume will be at $27.15 and $26.88.

This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.96 between high and low, or 2.93%. For the last week the ETF has had daily average volatility of 1.62%.

Our recommended stop-loss: $31.48 (-4.29%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (FTXN) For The Upcoming Trading Day Of Monday 15th

For the upcoming trading day on Monday, 15th we expect FIRST TRUST NASDAQ OIL & GAS ETF to open at $33.12, and during the day (based on 14 day Average True Range), to move between $32.45 and $33.33, which gives a possible trading interval of +/-$0.438 (+/-1.33%) up or down from last closing price. If FIRST TRUST NASDAQ OIL & GAS ETF takes out the full calculated possible swing range there will be an estimated 2.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $33.32 (1.30%) than the support at $27.99 (14.90%), 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 NASDAQ OIL & GAS ETF ETF A Buy?

FIRST TRUST NASDAQ OIL & GAS 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.506 Hold/Accumulate Downgraded

Predicted Opening Price for FIRST TRUST NASDAQ OIL & GAS ETF of Monday, April 15, 2024

Fair opening price April 15, 2024 Current price
$33.12 ( 0.708%) $32.89

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for FTXN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 34.08 3.62 %
R2 33.72 2.51 %
R1 33.49 1.82 %
Current price: 32.89
Support S1 32.76 -0.406 %
S2 32.53 -1.09 %
S3 32.16 -2.21 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 33.62 2.20 %
R2 33.36 1.43 %
R1 33.32 1.30 %
Current price 32.89
Support S1 27.99 -14.90%
S2 27.15 -17.45%
S3 26.88 -18.28%

FTXN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 21, 2024 Mar 21, 2024 Mar 28, 2024 $0.140 0.435%
2 Dec 22, 2023 Dec 22, 2023 Dec 29, 2023 $0.217 0.765%
3 Sep 21, 2023 Sep 22, 2023 Sep 29, 2023 $0.180 0.599%
4 Jun 26, 2023 Jun 27, 2023 Jun 30, 2023 $0.416 1.58%
5 Mar 23, 2023 Mar 24, 2023 Mar 31, 2023 $0.153 0.567%

FAQ

What is the symbol for FIRST TRUST NASDAQ OIL & GAS ETF ETF and on which exchange is it traded?
The symbol for FIRST TRUST NASDAQ OIL & GAS ETF is FTXN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell FIRST TRUST NASDAQ OIL & GAS ETF ETF?
FIRST TRUST NASDAQ OIL & GAS 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy FIRST TRUST NASDAQ OIL & GAS ETF ETF?
FIRST TRUST NASDAQ OIL & GAS ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy FIRST TRUST NASDAQ OIL & GAS ETF ETF.

What's the current price of FIRST TRUST NASDAQ OIL & GAS ETF ETF?
As of the end of day on the 2024-04-12, the price of an FIRST TRUST NASDAQ OIL & GAS ETF (FTXN) share was $32.89.

What is the 52-week high and low for FIRST TRUST NASDAQ OIL & GAS ETF ETF?
The 52-week high for FIRST TRUST NASDAQ OIL & GAS ETF ETF is $33.72 and the 52-week low is $24.77.

What is the market capitalization of FIRST TRUST NASDAQ OIL & GAS ETF ETF?
As of the 2024-04-12, the market capitalization of FIRST TRUST NASDAQ OIL & GAS ETF is 219.37M.
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