FMB Forecast and Technical Stock Analysis
Hold candidate since 2019-09-13 PDF
First Trust Managed Municipal ETF fell by -0.23% in the last day ( Friday, 13th Sep 2019 ) from $55.45 to $55.32 and has now fallen 6 days in a row. During the day the stock fluctuated 0.43% from a day low at $55.26 to a day high of $55.50. The price has fallen in 7 of the last 10 days and is down by -1.34% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -122 885 shares and in total 164 756 shares bought and sold for approximately $9.11 million.
- 30 day high of the FMB stock price was $56.22 and low was $55.26.
- 90 day high was $56.22 and low was $54.60.
- 52 week high for First Trust Managed Municipal ETF - $56.22 and low - $51.51.
Given the current short-term trend, the stock is expected to rise 2.82% during the next 3 months and, with 90% probability hold a price between $56.88 and $58.29 at the end of this period.
There are few to none technical positive signals at the moment. First Trust Managed Municipal ETF holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $55.67 and $55.75. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday August 15, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
The stock currently holds a RSI14 at 17 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
First Trust Managed Municipal ETF finds support from accumulated volume at $55.04.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.24 (0.43%) between high and low. For the last week, the stock has had daily average volatility of 0.36%.
First Trust Managed Municipal ETF is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $52.72 (-4.70%) (This stock has low daily movements and this gives low risk. Low RSI14 is 17 which reduces the risk some. There is a sell signal from pivot top found 20 day(s) ago.)
0.36 %Average volatility
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First Trust Managed Municipal ETF holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!