First Trust ISE Cloud Computing Index ETF Forecast
Red day on Thursday for First Trust ISE Cloud Computing Index
(Updated on Apr 25, 2024)
The First Trust ISE Cloud Computing Index ETF price fell by -0.715% on the last day (Thursday, 25th Apr 2024) from $92.28 to $91.62. During the last trading day the ETF fluctuated 2.20% from a day low at $89.79 to a day high of $91.77. The price has fallen in 6 of the last 10 days and is down by -4.61% for this period. Volume has increased on the last day by 536 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, 121 thousand shares were bought and sold for approximately $11.05 million.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect First Trust ISE Cloud Computing Index ETF with a 90% probability to be traded between $89.16 and $97.76 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.
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SKYY Signals & Forecast
There are mixed signals in the ETF today. The First Trust ISE Cloud Computing Index ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $94.25. On a fall, the ETF will find some support from the short-term average at $90.80. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.21%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for First Trust ISE Cloud Computing Index ETF
First Trust ISE Cloud Computing Index finds support from accumulated volume at $91.44 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 $1.98 between high and low, or 2.20%. For the last week, the ETF has had daily average volatility of 2.11%.
Our recommended stop-loss: $87.76 (-4.21%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (SKYY) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect First Trust ISE Cloud Computing Index Fund to open at $91.06, and during the day (based on 14 day Average True Range), to move between $89.77 and $93.47, which gives a possible trading interval of +/-$1.85 (+/-2.01%) up or down from last closing price. If First Trust ISE Cloud Computing Index Fund takes out the full calculated possible swing range there will be an estimated 4.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $91.44 (0.20%) than the resistance at $93.12 (1.64%), 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 ISE Cloud Computing Index Fund ETF A Buy?
First Trust ISE Cloud Computing Index holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.169 Hold/Accumulate Unchanged
Predicted Opening Price for First Trust ISE Cloud Computing Index Fund of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$91.06 ( 0.611%) | $91.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SKYY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 93.04 | 1.55 % | |
R2 | 92.28 | 0.724 % | ||
R1 | 91.82 | 0.214 % | ||
Current price: | 91.62 | |||
Support | S1 | 90.30 | -1.44 % | |
S2 | 89.84 | -1.95 % | ||
S3 | 89.08 | -2.77 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 94.87 | 3.55 % | |
R2 | 94.79 | 3.46 % | ||
R1 | 93.12 | 1.64 % | ||
Current price | 91.62 | |||
Support | S1 | 91.44 | -0.196% | |
S2 | 91.26 | -0.393% | ||
S3 | 91.02 | -0.655% |
SKYY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 22, 2022 | Sep 23, 2022 | Sep 30, 2022 | $0.0110 | 0.0182% |
2 | Jun 23, 2022 | Jun 24, 2022 | Jun 30, 2022 | $0.0360 | 0.0546% |
3 | Mar 24, 2022 | Mar 25, 2022 | Mar 31, 2022 | $0.0830 | 0.0917% |
4 | Dec 22, 2021 | Dec 23, 2021 | Dec 31, 2021 | $0.677 | 0.649% |
5 | Sep 22, 2021 | Sep 23, 2021 | Sep 30, 2021 | $0.0410 | 0.0389% |
FAQ
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