First Trust Alerian U.s. Nextgen ETF Forecast
Weaker technical forecast for First Trust Alerian U.s. Nextgen as ETF downgraded to Sell Candidate.
(Updated on Jun 27, 2024)
The First Trust Alerian U.s. Nextgen ETF price gained 0.0564% on the last trading day (Thursday, 27th Jun 2024), rising from $60.11 to $60.14. During the last trading day the ETF fluctuated 0% from a day low at $60.14 to a day high of $60.14. The price has fallen in 5 of the last 10 days and is down by -2.07% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 70 more shares were traded than the day before. In total, 170 shares were bought and sold for approximately $10.22 thousand.
The ETF lies in the lower of a narrow and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $60.02 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -2.88% during the next 3 months and, with a 90% probability hold a price between $58.29 and $59.34 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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RBLD Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 0.0564%. Further rise is indicated until a new top pivot has been found. First Trust Alerian U.s. Nextgen 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The First Trust Alerian U.s. Nextgen 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 $60.53 and $60.97. 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).
Support, Risk & Stop-loss for First Trust Alerian U.s. Nextgen ETF
First Trust Alerian U.s. Nextgen finds support from accumulated volume at $60.11 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.298%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RBLD) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect First Trust Alerian U.s. Nextgen Infrastructure Etf to open at $60.14, and during the day (based on 14 day Average True Range), to move between $59.64 and $60.64, which gives a possible trading interval of +/-$0.497 (+/-0.83%) up or down from last closing price. If First Trust Alerian U.s. Nextgen Infrastructure Etf takes out the full calculated possible swing range there will be an estimated 1.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $60.11 (0.06%) than the resistance at $60.59 (0.75%), 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 Alerian U.s. Nextgen Infrastructure Etf ETF A Buy?
First Trust Alerian U.s. Nextgen 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. 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: -2.558 Sell Candidate Downgraded
Predicted Opening Price for First Trust Alerian U.s. Nextgen Infrastructure Etf of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $60.14 ( 0.00000000%) | $60.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RBLD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 60.14 | 0.00000000% |
| R2 | 60.14 | 0.00000000% |
| R1 | 60.14 | 0.00000000% |
| Price | 60.14 | |
| S1 | 60.14 | 0.00000000% |
| S2 | 60.14 | 0.00000000% |
| S3 | 60.14 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 61.28 | 1.89% |
| R2 | 60.61 | 0.782% |
| R1 | 60.59 | 0.748% |
| Price | 60.14 | |
| S1 | 60.11 | -0.0564% |
| S2 | 0 | - |
| S3 | 0 | - |
RBLD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 05, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.159 | 0.255% |
| 2 | Mar 24, 2023 | Dec 22, 2023 | Dec 29, 2023 | $0.263 | 0.462% |
| 3 | Mar 24, 2023 | Sep 22, 2023 | Sep 29, 2023 | $0.127 | 0.250% |
| 4 | Mar 24, 2023 | Jun 27, 2023 | Jun 30, 2023 | $0.187 | 0.352% |
| 5 | Mar 23, 2023 | Mar 24, 2023 | Mar 31, 2023 | $0.0866 | 0.174% |
FAQ
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