First Trust TCW Opportunistic Fixed ETF Forecast
First Trust TCW Opportunistic Fixed ETF upgraded to Hold/Accumulate.
(Updated on Apr 22, 2024)
The First Trust TCW Opportunistic Fixed ETF price gained 0.118% on the last trading day (Monday, 22nd Apr 2024), rising from $42.30 to $42.35. During the last trading day the ETF fluctuated 0.244% from a day low at $42.26 to a day high of $42.36. The price has been going up and down for this period, and there has been a -1.37% loss for the last 2 weeks. Volume fell on the last day by -134 thousand shares and in total, 552 thousand shares were bought and sold for approximately $23.39 million. 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 lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -3.19% during the next 3 months and, with a 90% probability hold a price between $40.72 and $42.02 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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FIXD Signals & Forecast
There are mixed signals in the ETF today. The First Trust TCW Opportunistic Fixed 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 $43.25. On a fall, the ETF will find some support from the short-term average at $42.34. 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). A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.451%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.
Support, Risk & Stop-loss for First Trust TCW Opportunistic Fixed ETF
First Trust TCW Opportunistic Fixed finds support from accumulated volume at $42.32 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.103 between high and low, or 0.244%. For the last week the ETF has had daily average volatility of 0.352%.
Our recommended stop-loss: $39.92 (-5.74%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (FIXD) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect First Trust TCW Opportunistic Fixed Income ETF to open at $42.32, and during the day (based on 14 day Average True Range), to move between $42.11 and $42.59, which gives a possible trading interval of +/-$0.244 (+/-0.58%) up or down from last closing price. If First Trust TCW Opportunistic Fixed Income ETF takes out the full calculated possible swing range there will be an estimated 1.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $42.32 (0.07%) than the resistance at $43.24 (2.10%), 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 TCW Opportunistic Fixed Income ETF ETF A Buy?
First Trust TCW Opportunistic Fixed 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.112 Hold/Accumulate Upgraded
Predicted Opening Price for First Trust TCW Opportunistic Fixed Income ETF of Tuesday, April 23, 2024
Fair opening price April 23, 2024 | Current price |
---|---|
$42.32 ( 0.0655%) | $42.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FIXD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 42.43 | 0.178 % | |
R2 | 42.39 | 0.0851 % | ||
R1 | 42.36 | 0.0276 % | ||
Current price: | 42.35 | |||
Support | S1 | 42.28 | -0.159 % | |
S2 | 42.26 | -0.216 % | ||
S3 | 42.22 | -0.309 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 43.80 | 3.42 % | |
R2 | 43.61 | 2.98 % | ||
R1 | 43.24 | 2.10 % | ||
Current price | 42.35 | |||
Support | S1 | 42.32 | -0.0708% | |
S2 | 42.26 | -0.213% | ||
S3 | 42.16 | -0.449% |
FIXD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 20, 2024 | Feb 21, 2024 | Feb 29, 2024 | $0.155 | 0.356% |
2 | Jan 22, 2024 | Jan 23, 2024 | Jan 31, 2024 | $0.165 | 0.372% |
3 | Dec 21, 2023 | Dec 22, 2023 | Dec 29, 2023 | $0.165 | 0.370% |
4 | Nov 20, 2023 | Nov 21, 2023 | Nov 30, 2023 | $0.165 | 0.384% |
5 | Oct 23, 2023 | Oct 24, 2023 | Oct 31, 2023 | $0.165 | 0.401% |
FAQ
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