First Trust Us Equity Income Ucits Etf ETF Forecast

First Trust Us Equity Income Ucits Etf ETF price ended at £2,476.50 on Monday, after losing 0.0706%.
(Updated on Jun 17, 2024)

UINC.L Signals & Forecast

There are few to no technical positive signals at the moment. The First Trust Us Equity Income Ucits Etf 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 £2,496.62 and £2,575.05. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -6.64%. 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 rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. The ETF had a Golden Star Signal on Wednesday, November 29, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Buy

Special Signal Notification

Golden Star 12 Months

The ETF had a Golden Star Signal on Wednesday, November 29, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Tuesday, May 14, 2024 and based on theory for this formation the price should fall by -0.360% to £2,467.70 within 30 trading days since signal was issued (Tuesday, June 18, 2024).

Support, Risk & Stop-loss for First Trust Us Equity Income Ucits Etf ETF

There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.

This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved £18.95 (0.768%) between high and low. For the last week, the ETF has had daily average volatility of 0.683%.

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

Trading Expectations (UINC.L) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect First Trust Us Equity Income Ucits Etf to open at £2,475.85, and during the day (based on 14 day Average True Range), to move between £2,451.99 and £2,501.01, which gives a possible trading interval of +/-£24.51 (+/-0.99%) up or down from last closing price. If First Trust Us Equity Income Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.98% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ £2,538.50, some £62.00 (2.50%) from the current price of £2,476.50, our system finds the risk reward not very attractive.

Is First Trust Us Equity Income Ucits Etf ETF A Buy?

First Trust Us Equity Income Ucits Etf holds several negative signals and is within a 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.

Current score: -1.884 Sell Candidate Unchanged

Predicted Opening Price for First Trust Us Equity Income Ucits Etf of Tuesday, June 18, 2024

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