First Trust Expanded Technology Etf ETF Forecast
Red day on Wednesday for First Trust Expanded Technology Etf
(Updated on Jun 26, 2024)
No changes to the price of First Trust Expanded Technology Etf ETF on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the ETF fluctuated 0.214% from a day low at $28.00 to a day high of $28.06. The price has risen in 5 of the last 10 days and is up by 3.28% over the past 2 weeks.
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 7.83% during the next 3 months and, with a 90% probability hold a price between $29.82 and $31.35 at the end of this 3-month period.
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XPND Signals & Forecast
The First Trust Expanded Technology Etf ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $28.20. On a fall, the ETF will find some support from the long-term average at approximately $27.32. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -1.93%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for First Trust Expanded Technology Etf ETF
First Trust Expanded Technology Etf finds support from accumulated volume at $26.91 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, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.0600 between high and low, or 0.214%. For the last week the ETF has had daily average volatility of 0.751%.
Our recommended stop-loss: $27.01 (-3.60%) (This ETF has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (XPND) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect First Trust Expanded Technology Etf to open at $28.03, and during the day (based on 14 day Average True Range), to move between $27.74 and $28.30, which gives a possible trading interval of +/-$0.282 (+/-1.00%) up or down from last closing price. If First Trust Expanded Technology Etf takes out the full calculated possible swing range there will be an estimated 2.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $28.19 (0.61%) than the support at $26.91 (3.96%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is First Trust Expanded Technology 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 Expanded Technology Etf ETF to perform well in the short-term.
Current score: 1.747 Buy Candidate Unchanged
Predicted Opening Price for First Trust Expanded Technology Etf of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
$28.03 ( 0.0238%) | $28.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XPND
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 28.09 | 0.238% |
R2 | 28.06 | 0.156% |
R1 | 28.05 | 0.106% |
Price | 28.02 | |
S1 | 28.00 | -0.0580% |
S2 | 27.99 | -0.109% |
S3 | 27.97 | -0.190% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 28.57 | 1.96% |
R2 | 28.27 | 0.89% |
R1 | 28.19 | 0.607% |
Price | 28.02 | |
S1 | 26.91 | -3.96% |
S2 | 26.76 | -4.50% |
S3 | 26.25 | -6.32% |
XPND Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 23, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.0061 | 0.0230% |
2 | Dec 29, 2022 | Dec 22, 2023 | Dec 29, 2023 | $0.0101 | 0.0430% |
3 | Dec 29, 2022 | Jun 27, 2023 | Jun 30, 2023 | $0.0107 | 0.0511% |
4 | Dec 29, 2022 | Mar 24, 2023 | Mar 31, 2023 | $0.0211 | 0.115% |
5 | Jan 17, 2022 | Dec 23, 2022 | Dec 30, 2022 | $0.0264 | 0.164% |
FAQ
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