First Trust Managed Municipal ETF Forecast
First Trust Managed Municipal ETF price ended at $51.53 on Monday, after gaining 0.0194%.
(Updated on Mar 18, 2024)
The First Trust Managed Municipal ETF price gained 0.0194% on the last trading day (Monday, 18th Mar 2024), rising from $51.52 to $51.53. During the last trading day the ETF fluctuated 0.117% from a day low at $51.50 to a day high of $51.56. The price has been going up and down for this period, and there has been a 0.21% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 93 thousand more shares were traded than the day before. In total, 270 thousand shares were bought and sold for approximately $13.90 million.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect First Trust Managed Municipal ETF with a 90% probability to be traded between $50.89 and $51.61 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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FMB Signals & Forecast
The First Trust Managed Municipal 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 $51.58. On a fall, the ETF will find some support from the long-term average at approximately $51.46. 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). 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 Friday, March 08, 2024, and so far it has fallen -0.261%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Wednesday, February 28, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, July 13, 2023.
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.
Golden Star
The ETF had a Golden Star Signal on Wednesday, February 28, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, July 13, 2023.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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Wednesday, February 28, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, July 13, 2023.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.
Support, Risk & Stop-loss for First Trust Managed Municipal ETF
First Trust Managed Municipal finds support from accumulated volume at $51.52 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 $0.0600 between high and low, or 0.117%. For the last week the ETF has had daily average volatility of 0.170%.
Our recommended stop-loss: $48.39 (-6.10%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (FMB) For The Upcoming Trading Day Of Tuesday 19th
For the upcoming trading day on Tuesday, 19th we expect First Trust Managed Municipal ETF to open at $51.53, and during the day (based on 14 day Average True Range), to move between $51.40 and $51.66, which gives a possible trading interval of +/-$0.127 (+/-0.25%) up or down from last closing price. If First Trust Managed Municipal ETF takes out the full calculated possible swing range there will be an estimated 0.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $51.52 (0.02%) than the resistance at $51.55 (0.04%), 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 Managed Municipal ETF ETF A Buy?
First Trust Managed Municipal 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.
Current score: 0.648 Hold/Accumulate Unchanged
Predicted Opening Price for First Trust Managed Municipal ETF of Tuesday, March 19, 2024
Fair opening price March 19, 2024 | Current price |
---|---|
$51.53 ( 0%) | $51.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FMB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 51.59 | 0.116 % | |
R2 | 51.57 | 0.0720 % | ||
R1 | 51.55 | 0.0445 % | ||
Current price: | 51.53 | |||
Support | S1 | 51.51 | -0.0445 % | |
S2 | 51.49 | -0.0720 % | ||
S3 | 51.47 | -0.116 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 51.62 | 0.175 % | |
R2 | 51.58 | 0.0970 % | ||
R1 | 51.55 | 0.0388 % | ||
Current price | 51.53 | |||
Support | S1 | 51.52 | -0.0194% | |
S2 | 51.36 | -0.330% | ||
S3 | 51.35 | -0.349% |
FMB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 20, 2024 | Feb 21, 2024 | Feb 29, 2024 | $0.135 | 0.262% |
2 | Jan 22, 2024 | Jan 23, 2024 | Jan 31, 2024 | $0.135 | 0.262% |
3 | Dec 21, 2023 | Dec 22, 2023 | Dec 29, 2023 | $0.133 | 0.256% |
4 | Nov 20, 2023 | Nov 21, 2023 | Nov 30, 2023 | $0.128 | 0.254% |
5 | Oct 23, 2023 | Oct 24, 2023 | Oct 31, 2023 | $0.128 | 0.266% |
FAQ
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