First Trust Managed Municipal ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
First Trust Managed Municipal ETF price ended at $50.71 on Friday, after gaining 0.0493%.
(Updated on Apr 26, 2024)
The First Trust Managed Municipal ETF price gained 0.0493% on the last trading day (Friday, 26th Apr 2024), rising from $50.69 to $50.71. During the last trading day the ETF fluctuated 0.316% from a day low at $50.69 to a day high of $50.85. The price has fallen in 6 of the last 10 days and is down by -0.58% for this period. Volume fell on the last day by -47 thousand shares and in total, 116 thousand shares were bought and sold for approximately $5.87 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 is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $50.67 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect First Trust Managed Municipal ETF with a 90% probability to be traded between $50.05 and $50.69 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. 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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FMB Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 0.0493%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The First Trust Managed Municipal ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $50.86 and $51.19. A break-up above any of these levels will issue buy signals. The ETF had a Golden Star Signal on Wednesday, July 12, 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 ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Wednesday, July 12, 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 ETF in question.
Support, Risk & Stop-loss for First Trust Managed Municipal ETF
First Trust Managed Municipal finds support from accumulated volume at $50.69 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 $0.160 between high and low, or 0.316%. For the last week the ETF has had daily average volatility of 0.207%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FMB) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect First Trust Managed Municipal ETF to open at $50.75, and during the day (based on 14 day Average True Range), to move between $50.57 and $50.85, which gives a possible trading interval of +/-$0.142 (+/-0.28%) 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 0.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $50.69 (0.05%) than the resistance at $51.10 (0.77%), 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 negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -1.043 Sell Candidate Unchanged
Predicted Opening Price for First Trust Managed Municipal ETF of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $50.75 ( 0.0789%) | $50.71 |
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 | 50.91 | 0.394 % | |
| R2 | 50.85 | 0.274 % | ||
| R1 | 50.81 | 0.199 % | ||
| Current price: | 50.71 | |||
| Support | S1 | 50.69 | -0.0416 % | |
| S2 | 50.65 | -0.116 % | ||
| S3 | 50.59 | -0.237 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 51.52 | 1.60 % | |
| R2 | 51.36 | 1.28 % | ||
| R1 | 51.10 | 0.769 % | ||
| Current price | 50.71 | |||
| Support | S1 | 50.69 | -0.0493% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FMB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | Apr 23, 2024 | Apr 30, 2024 | $0.135 | 0.266% |
| 2 | Mar 21, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.135 | 0.263% |
| 3 | Feb 20, 2024 | Feb 21, 2024 | Feb 29, 2024 | $0.135 | 0.262% |
| 4 | Jan 22, 2024 | Jan 23, 2024 | Jan 31, 2024 | $0.135 | 0.262% |
| 5 | Dec 21, 2023 | Dec 22, 2023 | Dec 29, 2023 | $0.133 | 0.256% |
FAQ
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