FIRST TRUST ISE GLOBAL PLATINUM INDEX ETF Forecast

$8.84
+0.1000 (+1.14%)
At Close: Mar 28, 2024
RSI low/high Values: [ 25 - 70 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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FIRST TRUST ISE GLOBAL PLATINUM INDEX ETF price ended at $8.84 on Thursday, after gaining 1.14%.
(Updated on Mar 28, 2024)

Sell candidate since Mar 21, 2024 Gain 0.27% PDF

The FIRST TRUST ISE GLOBAL PLATINUM INDEX ETF price gained 1.14% on the last trading day (Thursday, 28th Mar 2024), rising from $8.74 to $8.84. During the last trading day the ETF fluctuated 0.797% from a day low at $8.77 to a day high of $8.84. The price has fallen in 5 of the last 10 days and is down by -2% for this period. Volume fell on the last day by -6 thousand shares and in total, 36 thousand shares were bought and sold for approximately $314.53 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 middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -3.46% during the next 3 months and, with a 90% probability hold a price between $8.04 and $8.77 at the end of this 3-month period. 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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PLTM Signals & Forecast

There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -3.28%. 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 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. The FIRST TRUST ISE GLOBAL PLATINUM INDEX ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. 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 $8.78 and $8.76. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for FIRST TRUST ISE GLOBAL PLATINUM INDEX ETF

FIRST TRUST ISE GLOBAL PLATINUM INDEX finds support from accumulated volume at $8.73 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 controlled movements and therefore the general risk is considered 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 $0.0699 between high and low, or 0.797%. For the last week the ETF has had daily average volatility of 0.84%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PLTM) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect FIRST TRUST ISE GLOBAL PLATINUM INDEX FUND to open at $8.82, and during the day (based on 14 day Average True Range), to move between $8.69 and $8.99, which gives a possible trading interval of +/-$0.151 (+/-1.71%) up or down from last closing price. If FIRST TRUST ISE GLOBAL PLATINUM INDEX FUND takes out the full calculated possible swing range there will be an estimated 3.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $8.89 (0.57%) than the support at $8.73 (1.25%), 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 ISE GLOBAL PLATINUM INDEX FUND ETF A Buy?

FIRST TRUST ISE GLOBAL PLATINUM INDEX holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

Current score: -1.564 Sell Candidate Unchanged

Predicted Opening Price for FIRST TRUST ISE GLOBAL PLATINUM INDEX FUND of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$8.82 ( 0.264%) $8.84

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PLTM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 8.89 0.527 %
R2 8.86 0.225 %
R1 8.84 0.0385 %
Current price: 8.84
Support S1 8.79 -0.566 %
S2 8.77 -0.752 %
S3 8.75 -1.05 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 9.11 3.01 %
R2 8.94 1.13 %
R1 8.89 0.566 %
Current price 8.84
Support S1 8.73 -1.25%
S2 8.69 -1.70%
S3 8.57 -3.05%

PLTM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 24, 2015 Jun 24, 2015 Jun 30, 2015 $0.0160 0%
2 Dec 23, 2014 Dec 23, 2014 Dec 23, 2014 $0.174 0%
3 Jun 24, 2014 Jun 24, 2014 Jun 30, 2014 $0.0670 0%
4 Mar 24, 2014 Mar 25, 2014 Mar 31, 2014 $0.0390 0%
5 Dec 18, 2013 Dec 18, 2013 Dec 18, 2013 $0.186 0%

FAQ

What is the symbol for FIRST TRUST ISE GLOBAL PLATINUM INDEX FUND ETF and on which exchange is it traded?
The symbol for FIRST TRUST ISE GLOBAL PLATINUM INDEX FUND is PLTM and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell FIRST TRUST ISE GLOBAL PLATINUM INDEX FUND ETF?
FIRST TRUST ISE GLOBAL PLATINUM INDEX holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

How to buy FIRST TRUST ISE GLOBAL PLATINUM INDEX FUND ETF?
FIRST TRUST ISE GLOBAL PLATINUM INDEX FUND ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy FIRST TRUST ISE GLOBAL PLATINUM INDEX FUND ETF.

What's the current price of FIRST TRUST ISE GLOBAL PLATINUM INDEX FUND ETF?
As of the end of day on the 2024-03-28, the price of an FIRST TRUST ISE GLOBAL PLATINUM INDEX FUND (PLTM) share was $8.84.

What is the 52-week high and low for FIRST TRUST ISE GLOBAL PLATINUM INDEX FUND ETF?
The 52-week high for FIRST TRUST ISE GLOBAL PLATINUM INDEX FUND ETF is $11.04 and the 52-week low is $8.21.

What is the market capitalization of FIRST TRUST ISE GLOBAL PLATINUM INDEX FUND ETF?
As of the 2024-03-28, the market capitalization of FIRST TRUST ISE GLOBAL PLATINUM INDEX FUND is 36.329M.
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