Thu 22'nd Mar 2018
First Trust NASDAQ-100- Technology Index Fund Stock Analysis
Technical stock analysis for Thu 22'nd Mar 2018
First Trust NASDAQ-100- Technology Index Fund fell by -2.84% in the last day from $80.40 to $78.12 The price has risen in 4 of the last 10 days , but is still down by -2.79% for this period. Volume has increased in the last day by 31 588 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 246 491 shares bought and sold for approximately $19.26 million.
|Shorts||1.44% ( 2013-01-15 )|
First Trust NASDAQ-100- Technology Index Fund lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.56% during the next 3 months and, with 90% probability hold a price between $79.25 and $90.69 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Monday March 12, 2018, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. First Trust NASDAQ-100- Technology Index Fund holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $80.54. On a fall, the stock will find some support from the long-term average at approximately $77.31. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.
Relative Strength Index (RSI)
RSI14 is 53 and the stock is currently not being overbought or oversold
Support & Resistance
First Trust NASDAQ-100- Technology Index Fund finds support from accumulated volume at $75.92. On the upside the stock meets some resistance just above today's level from accumulated volume at $80.08, $80.40 and $81.53.
The stock is about to test the resistance from accumulated volume at $80.08 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.73 (2.21%) between high and low. For the last week, the stock has had a daily average volatility of 1.55%.
Our recommended stoploss: $73.78 (-5.56%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 8 days ago.)
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