First Trust Emerging Markets Small Cap ETF Forecast
Evaluation of First Trust Emerging Markets Small Cap ETF downgraded after the last trading session.
(Updated on Apr 25, 2024)
The First Trust Emerging Markets Small Cap ETF price gained 0.285% on the last trading day (Thursday, 25th Apr 2024), rising from $38.55 to $38.66. It has now gained 4 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 1.41% from a day low at $38.25 to a day high of $38.79. The price has been going up and down for this period, and there has been a -3.01% loss for the last 2 weeks. Volume fell on the last day by -133 thousand shares and in total, 19 thousand shares were bought and sold for approximately $750.58 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 Emerging Markets Small Cap ETF with a 90% probability to be traded between $38.77 and $40.97 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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FEMS Signals & Forecast
There are mixed signals in the ETF today. The First Trust Emerging Markets Small Cap 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 $38.91. On a fall, the ETF will find some support from the short-term average at $38.33. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.68%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for First Trust Emerging Markets Small Cap ETF
First Trust Emerging Markets Small Cap finds support from accumulated volume at $38.55 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.540 between high and low, or 1.41%. For the last week the ETF has had daily average volatility of 1.11%
Our recommended stop-loss: $36.66 (-5.16%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (FEMS) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect First Trust Emerging Markets Small Cap AlphaDEX Fund to open at $38.57, and during the day (based on 14 day Average True Range), to move between $38.17 and $39.15, which gives a possible trading interval of +/-$0.493 (+/-1.27%) up or down from last closing price. If First Trust Emerging Markets Small Cap AlphaDEX Fund takes out the full calculated possible swing range there will be an estimated 2.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $38.71 (0.13%) than the support at $38.55 (0.28%), 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 Emerging Markets Small Cap AlphaDEX Fund ETF A Buy?
First Trust Emerging Markets Small Cap 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.932 Hold/Accumulate Downgraded
Predicted Opening Price for First Trust Emerging Markets Small Cap AlphaDEX Fund of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$38.57 ( 0.242%) | $38.66 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FEMS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 39.11 | 1.16 % | |
R2 | 38.90 | 0.622 % | ||
R1 | 38.77 | 0.292 % | ||
Current price: | 38.66 | |||
Support | S1 | 38.36 | -0.775 % | |
S2 | 38.23 | -1.10 % | ||
S3 | 38.03 | -1.64 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 38.95 | 0.750 % | |
R2 | 38.77 | 0.285 % | ||
R1 | 38.71 | 0.129 % | ||
Current price | 38.66 | |||
Support | S1 | 38.55 | -0.285% | |
S2 | 38.37 | -0.750% | ||
S3 | 37.67 | -2.56% |
FEMS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 20, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.168 | 0.435% |
2 | Dec 22, 2023 | Dec 22, 2023 | Dec 29, 2023 | $0.370 | 0.96% |
3 | Sep 21, 2023 | Sep 22, 2023 | Sep 29, 2023 | $0.652 | 1.70% |
4 | Jun 26, 2023 | Jun 27, 2023 | Jun 30, 2023 | $0.665 | 1.83% |
5 | Mar 23, 2023 | Mar 24, 2023 | Mar 31, 2023 | $0.100 | 0.269% |
FAQ
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