Tue 18'th Sep 2018
First Trust NASDAQ-100- Technology Index Fund Stock Analysis
Technical stock analysis for Tue 18'th Sep 2018
|Shorts||1.44% ( 2013-01-15 )|
First Trust NASDAQ-100- Technology Index Fund gained 0.83% in the last trading day, rising from $77.88 to $78.53 The price has fallen in 6 of the last 10 days and is down by -2.79% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 5 848 more shares were traded than the day before. In total, 107 326 shares bought and sold for approximately $8.43 million.
Given the current horizontal trend you can expect First Trust NASDAQ-100- Technology Index Fund with 90% probability to be traded between $76.99 and $82.46 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
A buy signal was issued from a pivot bottom point on Monday September 17, 2018, which indicates further gains 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. First Trust NASDAQ-100- Technology Index Fund holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $79.47. On a fall, the stock will find some support from the short-term average at $78.48. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 32 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 $77.92.
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 $0.96 (1.23%) between high and low. For the last week, the stock has had a daily average volatility of 1.15%.
Our recommended stoploss: $73.64 (-6.22%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
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First Trust NASDAQ-100- Technology Index Fund holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.Click for Top 5 Hold/Accumulates
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