First Trust S&p 500 Diversified Dividend ETF Forecast
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:
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
Stronger technical forecast for First Trust S&p 500 Diversified Dividend ETF price after Friday trading.
(Updated on Jun 28, 2024)
The First Trust S&p 500 Diversified Dividend ETF price gained 0.383% on the last trading day (Friday, 28th Jun 2024), rising from $31.30 to $31.42. During the last trading day the ETF fluctuated 0.364% from a day low at $31.38 to a day high of $31.49. The price has fallen in 6 of the last 10 days and is down by -1.04% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately $188.27 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 $31.32 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 $31.74 and $32.66 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
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. On corrections up, there will be some resistance from the lines at $31.78 and $31.66. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 0.383%. Further rise is indicated until a new top pivot has been found. First Trust S&p 500 Diversified Dividend has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
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 $31.38 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 $0.114 between high and low, or 0.364%. For the last week the ETF has had daily average volatility of 0.399%.
Our recommended stop-loss: $29.52 (-6.04%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (KNGZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect First Trust S&p 500 Diversified Dividend Aristocrats Etf to open at $31.43, and during the day (based on 14 day Average True Range), to move between $31.16 and $31.68, which gives a possible trading interval of +/-$0.261 (+/-0.83%) 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 1.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $31.38 (0.13%) than the resistance at $31.69 (0.86%), 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 S&p 500 Diversified Dividend Aristocrats Etf ETF A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.694 Buy Candidate Upgraded
Predicted Opening Price for First Trust S&p 500 Diversified Dividend Aristocrats Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $31.43 ( 0.0364%) | $31.42 |
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 | 31.55 | 0.400% |
| R2 | 31.50 | 0.261% |
| R1 | 31.47 | 0.175% |
| Price | 31.42 | |
| S1 | 31.39 | -0.102% |
| S2 | 31.36 | -0.188% |
| S3 | 31.32 | -0.327% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 31.77 | 1.10% |
| R2 | 31.75 | 1.05% |
| R1 | 31.69 | 0.86% |
| Price | 31.42 | |
| S1 | 31.38 | -0.127% |
| S2 | 31.30 | -0.382% |
| S3 | 31.30 | -0.396% |
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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