First Trust Dorsey Wright International ETF Forecast

Buy or Hold candidate since Mar 04, 2025 Gain 4.06%

The First Trust Dorsey Wright International ETF price gained 0.136% on the last trading day (Wednesday, 19th Mar 2025), rising from $20.59 to $20.62. It 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 last trading day the ETF fluctuated 0.683% from a day low at $20.50 to a day high of $20.64. The price has risen in 8 of the last 10 days and is up by 1.85% over the past 2 weeks. Volume fell on the last day by -27 thousand shares and in total, 12 thousand shares were bought and sold for approximately $248.58 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The ETF lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $20.73 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 7.34% during the next 3 months and, with a 90% probability hold a price between $21.16 and $22.25 at the end of this 3-month period.

IFV Signals & Forecast

The First Trust Dorsey Wright International ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the ETF. 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 $20.25 and $19.89. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, January 13, 2025, and so far it has risen 10.77%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

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

First Trust Dorsey Wright International finds support from accumulated volume at $19.68 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 $0.140 between high and low, or 0.683%. For the last week the ETF has had daily average volatility of 0.82%

Our recommended stop-loss: $19.97 (-3.12%) (This ETF has very low daily movements and this gives very low risk. There is a buy signal from a pivot bottom found 45 days ago.)

Trading Expectations (IFV) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect First Trust Dorsey Wright International Focus 5 ETF to open at $20.59, and during the day (based on 14 day Average True Range), to move between $20.41 and $20.82, which gives a possible trading interval of +/-$0.209 (+/-1.02%) up or down from last closing price. If First Trust Dorsey Wright International Focus 5 ETF takes out the full calculated possible swing range there will be an estimated 2.03% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $19.68, some $0.93 (4.54%) from the current price of $20.62, our system finds the risk reward attractive.

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

First Trust Dorsey Wright International holds several positive signals and is within a weak 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: 5.010 Strong Buy Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on March 20, 2025 - $20.59 ( 0.145%).