First Trust Energy Infrastructure Fund Stock Forecast
First Trust Energy Infrastructure Fund stock upgraded from Buy Candidate to Strong Buy Candidate after Friday trading session.
(Updated on Apr 19, 2024)
The First Trust Energy Infrastructure Fund stock price gained 1.23% on the last trading day (Friday, 19th Apr 2024), rising from $17.83 to $18.05. 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 stock fluctuated 0.582% from a day low at $18.05 to a day high of $18.15. The price has fallen in 6 of the last 10 days and is down by -1.37% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 63 thousand more shares were traded than the day before. In total, 88 thousand shares were bought and sold for approximately $1.59 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 16.37% during the next 3 months and, with a 90% probability hold a price between $20.64 and $22.11 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FIF Signals & Forecast
The First Trust Energy Infrastructure Fund stock 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 $17.83 and $17.73. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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, April 02, 2024, and so far it has fallen -2.11%. 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). The stock had a Golden Star Signal on Tuesday, May 16, 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 stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, May 16, 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 stock in question.
Support, Risk & Stop-loss for First Trust Energy Infrastructure Fund stock
First Trust Energy Infrastructure Fund finds support from accumulated volume at $17.36 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.105 between high and low, or 0.582%. For the last week the stock has had daily average volatility of 1.28%.
Our recommended stop-loss: $17.26 (-4.36%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (FIF) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect First Trust Energy Infrastructure Fund to open at $18.08, and during the day (based on 14 day Average True Range), to move between $17.83 and $18.27, which gives a possible trading interval of +/-$0.217 (+/-1.20%) up or down from last closing price. If First Trust Energy Infrastructure Fund takes out the full calculated possible swing range there will be an estimated 2.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $18.16 (0.61%) than the support at $17.36 (3.82%), 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 Energy Infrastructure Fund stock A Buy?
First Trust Energy Infrastructure Fund holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.252 Strong Buy Candidate Upgraded
Predicted Opening Price for First Trust Energy Infrastructure Fund of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$18.08 ( 0.175%) | $18.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FIF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 18.19 | 0.757 % | |
R2 | 18.15 | 0.535 % | ||
R1 | 18.12 | 0.398 % | ||
Current price: | 18.05 | |||
Support | S1 | 18.04 | -0.0468 % | |
S2 | 18.02 | -0.184 % | ||
S3 | 17.98 | -0.406 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 18.44 | 2.16 % | |
R2 | 18.27 | 1.22 % | ||
R1 | 18.16 | 0.609 % | ||
Current price | 18.05 | |||
Support | S1 | 17.36 | -3.82% | |
S2 | 16.13 | -10.64% | ||
S3 | 15.93 | -11.75% |
FIF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 01, 2024 | Apr 01, 2024 | Apr 15, 2024 | $0.100 | 0.566% |
2 | Feb 20, 2024 | Mar 01, 2024 | Mar 15, 2024 | $0.100 | 0.571% |
3 | Jan 22, 2024 | Feb 01, 2024 | Feb 15, 2024 | $0.100 | 0.620% |
4 | Dec 20, 2023 | Jan 02, 2024 | Jan 16, 2024 | $0.100 | 0.610% |
5 | Nov 20, 2023 | Dec 01, 2023 | Dec 15, 2023 | $0.100 | 0.617% |
FAQ
Click here for our free guide on how to buy First Trust Energy Infrastructure Fund Stock.