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First Trust Dorsey Wright International ETF Forecast NASDAQ:IFV

$22.40 (-0.69%)

Volume: 61k

Closed: Dec 03, 2021

Hollow Logo Score: -1.208

First Trust Dorsey Wright International ETF Forecast

$22.40 (-0.69%)

Volume: 61k

Closed: Dec 03, 2021

Score Hollow Logo -1.208
Which way will IFV go? Request

IFV ETF Risk

In general the ETF tends to have controlled movements and therefore the general risk is considered 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 $0.38 between high and low, or 1.71%. For the last week the ETF has had a daily average volatility of 1.47%.

Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.

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 ] The First Trust Dorsey Wright International ETF currently holds an RSI14 at 20 and is oversold on RSI14. The ETF being oversold is no guarantee for instant reaction up as some ETFS may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Red day on Friday for First Trust Dorsey Wright International ETF after losing 0.69%
(Updated on Dec 03, 2021)


Sell candidate since 2021-11-30 Loss -0.07%

The First Trust Dorsey Wright International ETF price fell by -0.69% on the last day (Friday, 3rd Dec 2021) from $22.55 to $22.40. During the day the ETF fluctuated 1.71% from a day low at $22.27 to a day high of $22.65. The price has fallen in 8 of the last 10 days and is down by -5.15% for this period. 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 -58 thousand shares and in total, 61 thousand shares were bought and sold for approximately $1.37 million.

The ETF lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $22.16 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -2.05% during the next 3 months and, with a 90% probability hold a price between $21.71 and $23.23 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 0.61%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The First Trust Dorsey Wright International 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 $22.49 and $23.35. A break-up above any of these levels will issue buy signals. 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

First Trust Dorsey Wright International finds support from accumulated volume at $22.35 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 controlled movements and therefore the general risk is considered 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 $0.38 between high and low, or 1.71%. For the last week the ETF has had a daily average volatility of 1.47%.

First Trust Dorsey Wright International is oversold on RSI14 (20). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

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

First Trust Dorsey Wright International holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.

Current score: -1.208

Predicted Opening Price for First Trust Dorsey Wright International Focus 5 ETF of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$22.44 $22.40 (Undervalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 1.47 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.47 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $22.41
Price: $22.40
Support: $22.35

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 22.82 1.89 %
22.67 1.24 %
22.58 0.84 %
Current price: 22.40
Support 22.29 -0.45 %
22.20 -0.86 %
22.06 -1.50 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 23.85 6.52 %
22.48 0.38 %
22.41 0.0670 %
Current price 22.40
Support 22.35 -0.20%
22.26 -0.60%
0 .

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About First Trust Dorsey Wright International Focus 5 ETF

The investment seeks investment results that correspond generally to the price and yield (before fees and expenses) of an index called the Dorsey Wright International Focus Five Index. The fund will normally invest at least 90% of its net assets (including investment borrowings) in the exchange-traded funds ("ETFs") that comprise the index. The ETFs in which the fund invests are advised by First Trust Advisors L.P., the fund's investment adv... Read more

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