First Trust Bloomberg Shareholder Yield ETF Forecast
First Trust Bloomberg Shareholder Yield ETF price ended at $38.57 on Thursday, after gaining 0.550%.
(Updated on Jun 20, 2024)
The First Trust Bloomberg Shareholder Yield ETF price gained 0.550% on the last trading day (Thursday, 20th Jun 2024), rising from $38.36 to $38.57. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.390% from a day low at $38.46 to a day high of $38.61. The price has been going up and down for this period, and there has been a 1.61% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 942 more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately $38.96 thousand.
The ETF lies in the middle of a weak 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 2.76% during the next 3 months and, with a 90% probability hold a price between $37.88 and $40.26 at the end of this 3-month period.
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SHRY Signals & Forecast
The First Trust Bloomberg Shareholder Yield 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 $38.06 and $37.92. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 6.79%. Further rise is indicated until a new top pivot has been found. First Trust Bloomberg Shareholder Yield 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for First Trust Bloomberg Shareholder Yield ETF
First Trust Bloomberg Shareholder Yield finds support from accumulated volume at $37.64 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 $0.150 between high and low, or 0.390%. For the last week the ETF has had daily average volatility of 0.535%.
Our recommended stop-loss: $37.10 (-3.82%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 57 days ago.)
Trading Expectations (SHRY) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect First Trust Bloomberg Shareholder Yield Etf to open at $38.55, and during the day (based on 14 day Average True Range), to move between $38.33 and $38.81, which gives a possible trading interval of +/-$0.238 (+/-0.62%) up or down from last closing price. If First Trust Bloomberg Shareholder Yield Etf takes out the full calculated possible swing range there will be an estimated 1.24% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $37.64, some $0.93 (2.41%) from the current price of $38.57, our system finds the risk reward attractive.
Is First Trust Bloomberg Shareholder Yield Etf ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for First Trust Bloomberg Shareholder Yield ETF to perform well in the short-term.
Current score: 2.514 Buy Candidate Unchanged
Predicted Opening Price for First Trust Bloomberg Shareholder Yield Etf of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
$38.55 ( 0.0619%) | $38.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHRY
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 38.70 | 0.327% |
R2 | 38.64 | 0.178% |
R1 | 38.60 | 0.0867% |
Price | 38.57 | |
S1 | 38.49 | -0.210% |
S2 | 38.45 | -0.302% |
S3 | 38.40 | -0.451% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 38.57 | |
S1 | 37.64 | -2.41% |
S2 | 37.20 | -3.55% |
S3 | 36.92 | -4.28% |
SHRY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 20, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.0832 | 0.218% |
2 | Dec 21, 2023 | Dec 22, 2023 | Dec 29, 2023 | $0.169 | 0.489% |
3 | Sep 21, 2023 | Sep 22, 2023 | Sep 29, 2023 | $0.113 | 0.364% |
4 | Jun 27, 2023 | Jun 27, 2023 | Jun 30, 2023 | $0.137 | 0.423% |
5 | Mar 24, 2023 | Mar 24, 2023 | Mar 31, 2023 | $0.0946 | 0.305% |
FAQ
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