First Trust Vivaldi Merger Arbitrage Etf ETF Forecast
Red day on Thursday for First Trust Vivaldi Merger Arbitrage Etf
(Updated on Jun 27, 2024)
The First Trust Vivaldi Merger Arbitrage Etf ETF price fell by -0.204% on the last day (Thursday, 27th Jun 2024) from $19.57 to $19.53. During the last trading day the ETF fluctuated 0.308% from a day low at $19.50 to a day high of $19.56. The price has fallen in 7 of the last 10 days and is down by -0.61% for this period. Volume has increased on the last day by 215 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 224 thousand shares were bought and sold for approximately $4.38 million.
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 $19.35 and $19.52 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
There are few to no technical positive signals at the moment. 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 $19.57 and $19.63. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -0.611%. 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 rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for First Trust Vivaldi Merger Arbitrage Etf ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
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 $0.0600 between high and low, or 0.308%. For the last week the ETF has had daily average volatility of 0.265%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MARB) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect First Trust Vivaldi Merger Arbitrage Etf to open at $19.53, and during the day (based on 14 day Average True Range), to move between $19.44 and $19.62, which gives a possible trading interval of +/-$0.0883 (+/-0.45%) 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 0.90% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $19.60, some $0.0700 (0.36%) from the current price of $19.53, our system finds the risk reward not very attractive.
Is First Trust Vivaldi Merger Arbitrage Etf ETF A Buy?
First Trust Vivaldi Merger Arbitrage Etf holds several negative signals and is within a narrow and 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: -3.394 Sell Candidate Unchanged
Predicted Opening Price for First Trust Vivaldi Merger Arbitrage Etf of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
$19.53 ( 0%) | $19.53 |
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 | 19.59 | 0.307% |
R2 | 19.57 | 0.190% |
R1 | 19.55 | 0.117% |
Price | 19.53 | |
S1 | 19.51 | -0.117% |
S2 | 19.49 | -0.190% |
S3 | 19.47 | -0.307% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 19.69 | 0.82% |
R2 | 19.63 | 0.528% |
R1 | 19.60 | 0.358% |
Price | 19.53 | |
S1 | 0 | - |
S2 | 0 | - |
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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