First Trust Vivaldi Merger Arbitrage Etf ETF Forecast
Green day on Friday for First Trust Vivaldi Merger Arbitrage Etf ETF after gaining 0.205%
(Updated on Jun 21, 2024)
The First Trust Vivaldi Merger Arbitrage Etf ETF price gained 0.205% on the last trading day (Friday, 21st Jun 2024), rising from $19.56 to $19.60. During the last trading day the ETF fluctuated 0.204% from a day low at $19.58 to a day high of $19.62. The price has fallen in 7 of the last 10 days and is down by -0.66% for this period. Volume fell on the last day by -7 thousand shares and in total, 8 thousand shares were bought and sold for approximately $164.52 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 is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect First Trust Vivaldi Merger Arbitrage Etf ETF with a 90% probability to be traded between $19.47 and $19.60 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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MARB Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 0.205%. 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 Vivaldi Merger Arbitrage Etf 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 $19.61 and $19.65. 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 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 Vivaldi Merger Arbitrage Etf ETF
First Trust Vivaldi Merger Arbitrage Etf finds support from accumulated volume at $19.58 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 $0.0400 between high and low, or 0.204%. For the last week the ETF has had daily average volatility of 0.326%
Our recommended stop-loss: $18.50 (-5.62%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (MARB) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect First Trust Vivaldi Merger Arbitrage Etf to open at $19.60, and during the day (based on 14 day Average True Range), to move between $19.50 and $19.70, which gives a possible trading interval of +/-$0.0980 (+/-0.50%) up or down from last closing price. If First Trust Vivaldi Merger Arbitrage Etf takes out the full calculated possible swing range there will be an estimated 1.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.58 (0.10%) than the resistance at $19.63 (0.17%), 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 Vivaldi Merger Arbitrage Etf ETF A Buy?
First Trust Vivaldi Merger Arbitrage Etf 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for First Trust Vivaldi Merger Arbitrage Etf of Monday, June 24, 2024
Fair opening price June 24, 2024 | Current price |
---|---|
$19.60 ( 0%) | $19.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MARB
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 19.64 | 0.204% |
R2 | 19.62 | 0.126% |
R1 | 19.62 | 0.0780% |
Price | 19.60 | |
S1 | 19.58 | -0.0780% |
S2 | 19.58 | -0.126% |
S3 | 19.56 | -0.204% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 19.69 | 0.459% |
R2 | 19.67 | 0.357% |
R1 | 19.63 | 0.169% |
Price | 19.60 | |
S1 | 19.58 | -0.102% |
S2 | 19.56 | -0.205% |
S3 | 0 | - |
MARB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 27, 2022 | Dec 22, 2023 | Dec 29, 2023 | $0.148 | 0.735% |
2 | Dec 27, 2022 | Sep 22, 2023 | Sep 29, 2023 | $0.249 | 1.23% |
3 | Dec 27, 2022 | Jun 27, 2023 | Jun 30, 2023 | $0.0459 | 0.230% |
4 | Jan 16, 2022 | Dec 23, 2022 | Dec 30, 2022 | $0.200 | 0.99% |
FAQ
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