First Trust Capital Strength ETF Forecast
First Trust Capital Strength ETF price ended at $82.44 on Tuesday, after gaining 0.207%.
(Updated on Apr 23, 2024)
The First Trust Capital Strength ETF price gained 0.207% on the last trading day (Tuesday, 23rd Apr 2024), rising from $82.27 to $82.44. 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 ETF fluctuated 0.444% from a day low at $82.23 to a day high of $82.60. The price has fallen in 6 of the last 10 days and is down by -2.08% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 92 thousand more shares were traded than the day before. In total, 339 thousand shares were bought and sold for approximately $27.98 million.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $81.68 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 2.48% during the next 3 months and, with a 90% probability hold a price between $83.71 and $88.58 at the end of this 3-month period.
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FTCS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.09%. Further rise is indicated until a new top pivot has been found. 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. The First Trust Capital Strength 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 $83.93. On a fall, the ETF will find some support from the short-term average at $81.87. 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).
Support, Risk & Stop-loss for First Trust Capital Strength ETF
First Trust Capital Strength finds support from accumulated volume at $82.24 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 $0.365 between high and low, or 0.444%. For the last week the ETF has had daily average volatility of 0.781%.
Our recommended stop-loss: $77.50 (-5.99%) (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 (FTCS) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect First Trust Capital Strength ETF to open at $82.42, and during the day (based on 14 day Average True Range), to move between $81.73 and $83.15, which gives a possible trading interval of +/-$0.708 (+/-0.86%) up or down from last closing price. If First Trust Capital Strength ETF takes out the full calculated possible swing range there will be an estimated 1.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $82.24 (0.24%) than the resistance at $83.99 (1.88%), 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 Capital Strength ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for First Trust Capital Strength ETF to perform well in the short-term.
Current score: 2.542 Buy Candidate Unchanged
Predicted Opening Price for First Trust Capital Strength ETF of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$82.42 ( 0.0220%) | $82.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FTCS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 82.79 | 0.421 % | |
R2 | 82.65 | 0.252 % | ||
R1 | 82.56 | 0.147 % | ||
Current price: | 82.44 | |||
Support | S1 | 82.28 | -0.191 % | |
S2 | 82.20 | -0.296 % | ||
S3 | 82.06 | -0.465 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 84.68 | 2.72 % | |
R2 | 84.04 | 1.94 % | ||
R1 | 83.99 | 1.88 % | ||
Current price | 82.44 | |||
Support | S1 | 82.24 | -0.243% | |
S2 | 81.55 | -1.08% | ||
S3 | 80.97 | -1.78% |
FTCS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 21, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.225 | 0.262% |
2 | Dec 22, 2023 | Dec 22, 2023 | Dec 29, 2023 | $0.431 | 0.539% |
3 | Sep 21, 2023 | Sep 22, 2023 | Sep 29, 2023 | $0.215 | 0.292% |
4 | Jun 26, 2023 | Jun 27, 2023 | Jun 30, 2023 | $0.237 | 0.316% |
5 | Mar 23, 2023 | Mar 24, 2023 | Mar 31, 2023 | $0.292 | 0.400% |
FAQ
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