First Trust NASDAQ Clean Edge Green ETF Forecast

$36.34
-0.790 (-2.13%)
At Close: Jul 19, 2024
RSI low/high Values: [ 25 - 75 ]
* 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 NASDAQ Clean Edge Green ETF downgraded to Sell Candidate
(Updated on Jul 19, 2024)

Sell candidate since Jul 19, 2024 PDF

The First Trust NASDAQ Clean Edge Green ETF price fell by -2.13% on the last day (Friday, 19th Jul 2024) from $37.13 to $36.34. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 1.88% from a day low at $36.18 to a day high of $36.86. The price has been going up and down for this period, and there has been a 2.16% gain for the last 2 weeks. 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 -144 thousand shares and in total, 74 thousand shares were bought and sold for approximately $2.70 million.

The ETF lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 11.82% during the next 3 months and, with a 90% probability hold a price between $38.87 and $44.02 at the end of this 3-month period.

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QCLN Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The First Trust NASDAQ Clean Edge Green 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 $37.82 and $36.49. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, July 16, 2024, and so far it has fallen -7.20%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for First Trust NASDAQ Clean Edge Green ETF

First Trust NASDAQ Clean Edge Green finds support from accumulated volume at $35.68 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.680 between high and low, or 1.88%. For the last week, the ETF has had daily average volatility of 3.07%.

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

Trading Expectations (QCLN) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect First Trust NASDAQ Clean Edge Green Energy Index Fund to open at $36.46, and during the day (based on 14 day Average True Range), to move between $35.26 and $37.42, which gives a possible trading interval of +/-$1.08 (+/-2.96%) up or down from last closing price. If First Trust NASDAQ Clean Edge Green Energy Index Fund takes out the full calculated possible swing range there will be an estimated 5.92% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $35.68 (1.82%) than the resistance at $37.15 (2.23%), 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 NASDAQ Clean Edge Green Energy Index Fund ETF A Buy?

The First Trust NASDAQ Clean Edge Green ETF holds several negative signals and despite the positive trend, we believe First Trust NASDAQ Clean Edge Green will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -3.828 Sell Candidate Downgraded

Predicted Opening Price for First Trust NASDAQ Clean Edge Green Energy Index Fund of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$36.46 ( 0.330%) $36.34

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

Trading levels for QCLN

Fibonacci Support & Resistance Levels

Level Price
R3 37.14 2.20%
R2 36.88 1.49%
R1 36.72 1.05%
Price 36.34
S1 36.20 -0.385%
S2 36.04 -0.83%
S3 35.78 -1.54%

Accumulated Volume Support & Resistance Levels

Level Price
R3 37.88 4.24%
R2 37.28 2.59%
R1 37.15 2.23%
Price 36.34
S1 35.68 -1.82%
S2 35.53 -2.23%
S3 33.29 -8.39%

QCLN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 22, 2023 Dec 22, 2023 Dec 29, 2023 $0.0820 0.194%
2 Sep 21, 2023 Sep 22, 2023 Sep 29, 2023 $0.0260 0.0610%
3 Jun 26, 2023 Jun 27, 2023 Jun 30, 2023 $0.159 0.311%
4 Mar 23, 2023 Mar 24, 2023 Mar 31, 2023 $0.0520 0.0996%
5 Dec 22, 2022 Dec 23, 2022 Dec 30, 2022 $0.0860 0.182%

FAQ

What is the symbol for First Trust NASDAQ Clean Edge Green Energy Index Fund ETF and on which exchange is it traded?
The symbol for First Trust NASDAQ Clean Edge Green Energy Index Fund is QCLN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell First Trust NASDAQ Clean Edge Green Energy Index Fund ETF?
The First Trust NASDAQ Clean Edge Green ETF holds several negative signals and despite the positive trend, we believe First Trust NASDAQ Clean Edge Green will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy First Trust NASDAQ Clean Edge Green Energy Index Fund ETF?
First Trust NASDAQ Clean Edge Green Energy 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 NASDAQ Clean Edge Green Energy Index Fund ETF.

What's the current price of First Trust NASDAQ Clean Edge Green Energy Index Fund ETF?
As of the end of day on the Jul 19, 2024, the price of an First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) share was $36.34.

What is the 52-week high and low for First Trust NASDAQ Clean Edge Green Energy Index Fund ETF?
The 52-week high for First Trust NASDAQ Clean Edge Green Energy Index Fund ETF is $55.33 and the 52-week low is $29.95.

What is the market capitalization of First Trust NASDAQ Clean Edge Green Energy Index Fund ETF?
As of the Jul 19, 2024, the market capitalization of First Trust NASDAQ Clean Edge Green Energy Index Fund is 678.415M.
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