FIRST TRUST NASDAQ PHARMACEUTICALS ETF Forecast

$28.02
+0.423 (+1.53%)
At Close: Mar 27, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FTXH
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Green day on Wednesday for FIRST TRUST NASDAQ PHARMACEUTICALS
(Updated on Mar 27, 2024)

Hold candidate since Mar 19, 2024 Gain 1.34% PDF

The FIRST TRUST NASDAQ PHARMACEUTICALS ETF price gained 1.53% on the last trading day (Wednesday, 27th Mar 2024), rising from $27.60 to $28.02. During the last trading day the ETF fluctuated 0.90% from a day low at $27.77 to a day high of $28.02. The price has been going up and down for this period, and there has been a 0.32% 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, 11 thousand more shares were traded than the day before. In total, 12 thousand shares were bought and sold for approximately $327.36 thousand.

The ETF lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 3.54% during the next 3 months and, with a 90% probability hold a price between $28.56 and $29.72 at the end of this 3-month period.

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FTXH Signals & Forecast

The FIRST TRUST NASDAQ PHARMACEUTICALS 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 $27.69 and $27.77. A breakdown below any of these levels will issue sell signals. FIRST TRUST NASDAQ PHARMACEUTICALS has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Monday, February 26, 2024, and so far it has fallen -1.16%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Tuesday, July 18, 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.

Buy
Special Signal Notification

Golden Star 12 Months

The ETF had a Golden Star Signal on Tuesday, July 18, 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 NASDAQ PHARMACEUTICALS ETF

FIRST TRUST NASDAQ PHARMACEUTICALS finds support from accumulated volume at $27.87 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 $0.250 between high and low, or 0.90%. For the last week the ETF has had daily average volatility of 0.501%.

Our recommended stop-loss: $26.90 (-4.01%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 22 days ago.)

Trading Expectations (FTXH) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect FIRST TRUST NASDAQ PHARMACEUTICALS ETF to open at $27.94, and during the day (based on 14 day Average True Range), to move between $27.82 and $28.22, which gives a possible trading interval of +/-$0.196 (+/-0.70%) up or down from last closing price. If FIRST TRUST NASDAQ PHARMACEUTICALS ETF takes out the full calculated possible swing range there will be an estimated 1.40% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $28.05 (0.11%) than the support at $27.87 (0.55%), 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 NASDAQ PHARMACEUTICALS ETF ETF A Buy?

FIRST TRUST NASDAQ PHARMACEUTICALS 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: 0.566 Hold/Accumulate Unchanged

Predicted Opening Price for FIRST TRUST NASDAQ PHARMACEUTICALS ETF of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$27.94 ( 0.297%) $28.02

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for FTXH

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 28.19 0.595 %
R2 28.09 0.254 %
R1 28.03 0.0434 %
Current price: 28.02
Support S1 27.84 -0.638 %
S2 27.78 -0.85 %
S3 27.69 -1.19 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 28.34 1.13 %
R2 28.06 0.143 %
R1 28.05 0.107 %
Current price 28.02
Support S1 27.87 -0.547%
S2 27.73 -1.03%
S3 27.26 -2.71%

FTXH Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 21, 2024 Mar 21, 2024 Mar 28, 2024 $0.0676 0.243%
2 Dec 22, 2023 Dec 22, 2023 Dec 29, 2023 $0.123 0.463%
3 Sep 21, 2023 Sep 22, 2023 Sep 29, 2023 $0.0730 0.285%
4 Jun 26, 2023 Jun 27, 2023 Jun 30, 2023 $0.118 0.451%
5 Mar 23, 2023 Mar 24, 2023 Mar 31, 2023 $0.100 0.383%

FAQ

What is the symbol for FIRST TRUST NASDAQ PHARMACEUTICALS ETF ETF and on which exchange is it traded?
The symbol for FIRST TRUST NASDAQ PHARMACEUTICALS ETF is FTXH and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell FIRST TRUST NASDAQ PHARMACEUTICALS ETF ETF?
FIRST TRUST NASDAQ PHARMACEUTICALS 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.

How to buy FIRST TRUST NASDAQ PHARMACEUTICALS ETF ETF?
FIRST TRUST NASDAQ PHARMACEUTICALS ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy FIRST TRUST NASDAQ PHARMACEUTICALS ETF ETF.

What's the current price of FIRST TRUST NASDAQ PHARMACEUTICALS ETF ETF?
As of the end of day on the 2024-03-27, the price of an FIRST TRUST NASDAQ PHARMACEUTICALS ETF (FTXH) share was $28.02.

What is the 52-week high and low for FIRST TRUST NASDAQ PHARMACEUTICALS ETF ETF?
The 52-week high for FIRST TRUST NASDAQ PHARMACEUTICALS ETF ETF is $28.41 and the 52-week low is $23.85.

What is the market capitalization of FIRST TRUST NASDAQ PHARMACEUTICALS ETF ETF?
As of the 2024-03-27, the market capitalization of FIRST TRUST NASDAQ PHARMACEUTICALS ETF is 21.13M.
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