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:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

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

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FV
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Green day on Thursday for First Trust Dorsey Wright Focus 5 ETF after gaining 0.0350%
(Updated on Mar 28, 2024)

Buy or Hold candidate since Nov 29, 2023 Gain 21.38% PDF

The First Trust Dorsey Wright Focus 5 ETF price gained 0.0350% on the last trading day (Thursday, 28th Mar 2024), rising from $57.21 to $57.23. During the last trading day the ETF fluctuated 0.507% from a day low at $57.14 to a day high of $57.43. The price has risen in 6 of the last 10 days and is up by 2.82% 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, 58 thousand more shares were traded than the day before. In total, 142 thousand shares were bought and sold for approximately $8.11 million.

The ETF lies in the middle of a narrow and 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 13.79% during the next 3 months and, with a 90% probability hold a price between $64.09 and $66.97 at the end of this 3-month period.

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FV 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. 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 $56.92 and $55.56. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 3.55%. 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).

Sell
Special Signal Notification

Double Top Formation

Double Top Formation

Support, Risk & Stop-loss for First Trust Dorsey Wright Focus 5 ETF

First Trust Dorsey Wright Focus 5 finds support from accumulated volume at $56.55 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 $0.290 between high and low, or 0.507%. For the last week the ETF has had daily average volatility of 0.727%.

Our recommended stop-loss: $54.35 (-5.04%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (FV) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect First Trust Dorsey Wright Focus 5 ETF to open at $57.27, and during the day (based on 14 day Average True Range), to move between $56.55 and $57.91, which gives a possible trading interval of +/-$0.680 (+/-1.19%) up or down from last closing price. If First Trust Dorsey Wright Focus 5 ETF takes out the full calculated possible swing range there will be an estimated 2.38% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $56.55, some $0.680 (1.19%) from the current price of $57.23, our system finds the risk reward attractive.

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

First Trust Dorsey Wright Focus 5 holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 6.783 Strong Buy Candidate Unchanged

Predicted Opening Price for First Trust Dorsey Wright Focus 5 ETF of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$57.27 ( 0.0641%) $57.23

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

Trading levels for FV

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 57.56 0.570 %
R2 57.45 0.377 %
R1 57.38 0.258 %
Current price: 57.23
Support S1 57.16 -0.129 %
S2 57.09 -0.249 %
S3 56.98 -0.442 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 57.23
Support S1 56.55 -1.19%
S2 53.29 -6.88%
S3 50.90 -11.06%

FV Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 21, 2024 Mar 21, 2024 Mar 28, 2024 $0.0070 0.0122%
2 Dec 22, 2023 Dec 22, 2023 Dec 29, 2023 $0.0384 0.0745%
3 Sep 21, 2023 Sep 22, 2023 Sep 29, 2023 $0.0100 0.0226%
4 Jun 26, 2023 Jun 27, 2023 Jun 30, 2023 $0.0450 0.0959%
5 Mar 23, 2023 Mar 24, 2023 Mar 31, 2023 $0.143 0.317%

FAQ

What is the symbol for First Trust Dorsey Wright Focus 5 ETF ETF and on which exchange is it traded?
The symbol for First Trust Dorsey Wright Focus 5 ETF is FV and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell First Trust Dorsey Wright Focus 5 ETF ETF?
First Trust Dorsey Wright Focus 5 holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

How to buy First Trust Dorsey Wright Focus 5 ETF ETF?
First Trust Dorsey Wright Focus 5 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 Dorsey Wright Focus 5 ETF ETF.

What's the current price of First Trust Dorsey Wright Focus 5 ETF ETF?
As of the end of day on the 2024-03-28, the price of an First Trust Dorsey Wright Focus 5 ETF (FV) share was $57.23.

What is the 52-week high and low for First Trust Dorsey Wright Focus 5 ETF ETF?
The 52-week high for First Trust Dorsey Wright Focus 5 ETF ETF is $57.55 and the 52-week low is $41.06.

What is the market capitalization of First Trust Dorsey Wright Focus 5 ETF ETF?
As of the 2024-03-28, the market capitalization of First Trust Dorsey Wright Focus 5 ETF is 3.693B.
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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... FV Profile

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