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First Trust Dorsey Wright Focus 5 ETF Forecast NASDAQ:FV

$49.96 (0.52%)

Volume: 194k

Closed: Dec 08, 2021

Hollow Logo Score: 3.535

First Trust Dorsey Wright Focus 5 ETF Forecast

$49.96 (0.52%)

Volume: 194k

Closed: Dec 08, 2021

Score Hollow Logo 3.535
Wed, Dec 08, 2021 Buy Candidate Upgraded

FV ETF Risk

This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.44 (0.89%) between high and low. For the last week, the ETF has had a daily average volatility of 2.04%.

Our recommended stop-loss: $47.60 (-4.72%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)

Overall risk:

Very Low Low Medium High Very High

* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 42 and the ETF is currently not being overbought or oversold

Stronger technical forecast for First Trust Dorsey Wright Focus 5 ETF price after Wednesday trading.
(Updated on Dec 08, 2021)


Buy candidate since 2021-12-08

The First Trust Dorsey Wright Focus 5 ETF price gained 0.52% on the last trading day (Wednesday, 8th Dec 2021), rising from $49.70 to $49.96. , and has now gained 4 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 day the ETF fluctuated 0.89% from a day low at $49.58 to a day high of $50.02. The price has risen in 6 of the last 10 days, but is still down by -0.77% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 122 thousand more shares were traded than the day before. In total, 194 thousand shares were bought and sold for approximately $9.71 million.

The ETF lies in the middle of a weak 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 8.72% during the next 3 months and, with a 90% probability hold a price between $52.19 and $57.10 at the end of this 3-month period.

Signals & Forecast

The First Trust Dorsey Wright Focus 5 ETF holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $48.72 and $49.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 4.80%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

First Trust Dorsey Wright Focus 5 finds support from accumulated volume at $48.57 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.44 (0.89%) between high and low. For the last week, the ETF has had a daily average volatility of 2.04%.

Our recommended stop-loss: $47.60 (-4.72%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)

Is First Trust Dorsey Wright Focus 5 ETF ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for First Trust Dorsey Wright Focus 5 ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.

Current score: 3.535

Predicted Opening Price for First Trust Dorsey Wright Focus 5 ETF of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$49.85 $49.96 (Overvalued)
Buy Candidate Upgraded

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Volatility and Risk
Daily Average Volatility: 2.04 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.04 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $50.35
Price: $49.96
Support: $48.57

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 50.29 0.67 %
50.13 0.33 %
50.02 0.12 %
Current price: 49.96
Support 49.69 -0.55 %
49.58 -0.76 %
49.41 -1.09 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 51.29 2.66 %
50.79 1.66 %
50.35 0.78 %
Current price 49.96
Support 48.57 -2.78%
48.48 -2.96%
46.58 -6.77%

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About First Trust Dorsey Wright Focus 5 ETF

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the Dorsey Wright Focus Five Index (the "index"). The fund will normally invest at least 90% of its net assets in the exchange-traded funds ("ETFs") that comprise the index. The index is designed to provide targeted exposure to the five First Trust sector-based ETFs that the index Provider believes... Read more

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