FIRST TRUST ENHANCED SHORT MATURITY ETF Forecast
Stronger technical forecast for FIRST TRUST ENHANCED SHORT MATURITY ETF price after Friday trading.
(Updated on Apr 19, 2024)
No changes to the price of FIRST TRUST ENHANCED SHORT MATURITY ETF on the last trading day (Friday, 19th Apr 2024). During the last trading day the ETF fluctuated 0.0167% from a day low at $59.71 to a day high of $59.72. The price has risen in 5 of the last 10 days and is up by 0.1% over the past 2 weeks.
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 ENHANCED SHORT MATURITY ETF with a 90% probability to be traded between $59.40 and $59.69 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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FTSM Signals & Forecast
The FIRST TRUST ENHANCED SHORT MATURITY ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $59.69 and $59.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 01, 2024, and so far it has risen 0.168%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The ETF had a Golden Star Signal on Thursday, October 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 Thursday, October 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.
A buy signal from a double bottom formation was found on Monday, April 01, 2024 and based on theory for this formation the price should go up by 0.0200% to $59.72 within 21 trading days since signal was issued (Monday, April 22, 2024).
Support, Risk & Stop-loss for FIRST TRUST ENHANCED SHORT MATURITY ETF
FIRST TRUST ENHANCED SHORT MATURITY finds support from accumulated volume at $59.70 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 $0.0100 between high and low, or 0.0167%. For the last week the ETF has had daily average volatility of 0.0352%.
Our recommended stop-loss: $55.44 (-7.16%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (FTSM) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect FIRST TRUST ENHANCED SHORT MATURITY ETF to open at $59.71, and during the day (based on 14 day Average True Range), to move between $59.67 and $59.75, which gives a possible trading interval of +/-$0.0370 (+/-0.06%) up or down from last closing price. If FIRST TRUST ENHANCED SHORT MATURITY ETF takes out the full calculated possible swing range there will be an estimated 0.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $59.72 (0.02%) than the support at $59.70 (0.02%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is FIRST TRUST ENHANCED SHORT MATURITY ETF ETF A Buy?
FIRST TRUST ENHANCED SHORT MATURITY 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: -0.585 Hold/Accumulate Upgraded
Predicted Opening Price for FIRST TRUST ENHANCED SHORT MATURITY ETF of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $59.71 ( 0.0056%) | $59.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FTSM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 59.72 | 0.0223 % | |
| R2 | 59.72 | 0.0159 % | ||
| R1 | 59.72 | 0.0120 % | ||
| Current price: | 59.71 | |||
| Support | S1 | 59.71 | -0.0008 % | |
| S2 | 59.71 | -0.0048 % | ||
| S3 | 59.70 | -0.0112 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 59.74 | 0.0502 % | |
| R2 | 59.73 | 0.0335 % | ||
| R1 | 59.72 | 0.0167 % | ||
| Current price | 59.71 | |||
| Support | S1 | 59.70 | -0.0167% | |
| S2 | 59.65 | -0.100% | ||
| S3 | 59.62 | -0.151% |
FTSM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 28, 2024 | Apr 03, 2024 | $0.249 | 0.418% |
| 2 | Feb 28, 2024 | Feb 29, 2024 | Mar 05, 2024 | $0.240 | 0.402% |
| 3 | Jan 30, 2024 | Jan 31, 2024 | Feb 05, 2024 | $0.255 | 0.427% |
| 4 | Dec 22, 2023 | Dec 26, 2023 | Dec 29, 2023 | $0.253 | 0.424% |
| 5 | Nov 29, 2023 | Nov 30, 2023 | Dec 05, 2023 | $0.243 | 0.408% |
FAQ
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