FIRST TRUST HORIZON MANAGED VOLATILITY ETF Forecast

Red day on Tuesday for FIRST TRUST HORIZON MANAGED VOLATILITY
(Updated on Jun 25, 2024)

HDMV Signals & Forecast

There are mixed signals in the ETF today. The FIRST TRUST HORIZON MANAGED VOLATILITY 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 $29.22. On a fall, the ETF will find some support from the short-term average at $28.91. 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, June 06, 2024, and so far it has fallen -2.11%. 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. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for FIRST TRUST HORIZON MANAGED VOLATILITY ETF

FIRST TRUST HORIZON MANAGED VOLATILITY finds support from accumulated volume at $28.94 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.0835 between high and low, or 0.289%. For the last week the ETF has had daily average volatility of 2.38%

Our recommended stop-loss: $27.46 (-5.38%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 48 days ago.)

Trading Expectations (HDMV) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect FIRST TRUST HORIZON MANAGED VOLATILITY DEVELOPED INTERNATIONAL ETF FIRST TRUST HORIZON MANAGED VOLATILITY DEVELOPED INTERNATIONAL ETF to open at $29.00, and during the day (based on 14 day Average True Range), to move between $28.64 and $29.41, which gives a possible trading interval of +/-$0.382 (+/-1.32%) up or down from last closing price. If FIRST TRUST HORIZON MANAGED VOLATILITY DEVELOPED INTERNATIONAL ETF FIRST TRUST HORIZON MANAGED VOLATILITY DEVELOPED INTERNATIONAL ETF takes out the full calculated possible swing range there will be an estimated 2.63% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $28.94 (0.29%) than the resistance at $29.26 (0.81%), 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 HORIZON MANAGED VOLATILITY DEVELOPED INTERNATIONAL ETF FIRST TRUST HORIZON MANAGED VOLATILITY DEVELOPED INTERNATIONAL ETF ETF A Buy?

FIRST TRUST HORIZON MANAGED VOLATILITY 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.

Current score: -0.489 Hold/Accumulate Unchanged

Predicted Opening Price for FIRST TRUST HORIZON MANAGED VOLATILITY DEVELOPED INTERNATIONAL ETF FIRST TRUST HORIZON MANAGED VOLATILITY DEVELOPED INTERNATIONAL ETF of Wednesday, June 26, 2024

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