First Trust S&p 500 Diversified Dividend ETF Forecast
Red day on Wednesday for First Trust S&p 500 Diversified Dividend ETF after losing 0.0320%
(Updated on Jul 03, 2024)
The First Trust S&p 500 Diversified Dividend ETF price fell by -0.0320% on the last day (Wednesday, 3rd Jul 2024) from $31.26 to $31.25. During the last trading day the ETF fluctuated 0.0317% from a day low at $31.24 to a day high of $31.25. The price has fallen in 7 of the last 10 days and is down by -2.53% 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 -6 thousand shares and in total, 754 shares were bought and sold for approximately $23.56 thousand.
The ETF is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $31.02 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect First Trust S&p 500 Diversified Dividend ETF with a 90% probability to be traded between $31.14 and $32.31 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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KNGZ Signals & Forecast
There are few to no technical positive signals at the moment. The First Trust S&p 500 Diversified Dividend 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 $31.43 and $31.62. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -2.80%. 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 S&p 500 Diversified Dividend ETF
First Trust S&p 500 Diversified Dividend finds support from accumulated volume at $30.91 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 $0.0099 between high and low, or 0.0317%. For the last week the ETF has had daily average volatility of 0.422%
Our recommended stop-loss: $29.85 (-4.48%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (KNGZ) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect First Trust S&p 500 Diversified Dividend Aristocrats Etf to open at $31.25, and during the day (based on 14 day Average True Range), to move between $31.01 and $31.49, which gives a possible trading interval of +/-$0.239 (+/-0.77%) up or down from last closing price. If First Trust S&p 500 Diversified Dividend Aristocrats Etf takes out the full calculated possible swing range there will be an estimated 1.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $31.26 (0.03%) than the support at $30.91 (1.08%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is First Trust S&p 500 Diversified Dividend Aristocrats Etf ETF A Buy?
First Trust S&p 500 Diversified Dividend holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.848 Hold/Accumulate Unchanged
Predicted Opening Price for First Trust S&p 500 Diversified Dividend Aristocrats Etf of Friday, July 5, 2024
Fair opening price July 5, 2024 | Current price |
---|---|
$31.25 ( 0.0106%) | $31.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KNGZ
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 31.26 | 0.0211% |
R2 | 31.25 | 0.0090% |
R1 | 31.25 | 0.0015% |
Price | 31.25 | |
S1 | 31.24 | -0.0227% |
S2 | 31.24 | -0.0301% |
S3 | 31.24 | -0.0422% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 31.75 | 1.60% |
R2 | 31.69 | 1.41% |
R1 | 31.26 | 0.0320% |
Price | 31.25 | |
S1 | 30.91 | -1.08% |
S2 | 0 | - |
S3 | 0 | - |
KNGZ Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 20, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.129 | 0.407% |
2 | Dec 21, 2023 | Dec 22, 2023 | Dec 29, 2023 | $0.328 | 1.10% |
3 | Sep 21, 2023 | Sep 22, 2023 | Sep 29, 2023 | $0.176 | 0.643% |
4 | Jun 26, 2023 | Jun 27, 2023 | Jun 30, 2023 | $0.245 | 0.85% |
5 | Mar 24, 2023 | Mar 24, 2023 | Mar 31, 2023 | $0.175 | 0.616% |
FAQ
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