First Trust Small Cap US Equity Select ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
First Trust Small Cap US Equity Select ETF downgraded to Sell Candidate
(Updated on Apr 24, 2024)
The First Trust Small Cap US Equity Select ETF price fell by -0.0999% on the last day (Wednesday, 24th Apr 2024) from $27.72 to $27.69. During the last trading day the ETF fluctuated 0.667% from a day low at $27.51 to a day high of $27.69. The price has been going up and down for this period, and there has been a 0.23% gain for the last 2 weeks. Volume has increased on the last day by 29 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 35 thousand shares were bought and sold for approximately $959.67 thousand.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect First Trust Small Cap US Equity Select ETF with a 90% probability to be traded between $26.29 and $28.24 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.
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RNSC Signals & Forecast
There are mixed signals in the ETF today. The First Trust Small Cap US Equity Select 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 $27.93. On a fall, the ETF will find some support from the short-term average at $27.23. 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). First Trust Small Cap US Equity Select gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.39%. Further rise is indicated until a new top pivot has been found. The ETF had a Golden Star Signal on Tuesday, June 27, 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 Tuesday, June 27, 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 Small Cap US Equity Select ETF
First Trust Small Cap US Equity Select finds support from accumulated volume at $27.66 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.184 (0.667%) between high and low. For the last week, the ETF has had daily average volatility of 1.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RNSC) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect First Trust Small Cap US Equity Select ETF to open at $27.63, and during the day (based on 14 day Average True Range), to move between $27.36 and $28.03, which gives a possible trading interval of +/-$0.333 (+/-1.20%) up or down from last closing price. If First Trust Small Cap US Equity Select ETF takes out the full calculated possible swing range there will be an estimated 2.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $27.66 (0.11%) than the resistance at $28.08 (1.40%), 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 Small Cap US Equity Select ETF ETF A Buy?
First Trust Small Cap US Equity Select holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.364 Sell Candidate Downgraded
Predicted Opening Price for First Trust Small Cap US Equity Select ETF of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$27.63 ( 0.221%) | $27.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RNSC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 27.82 | 0.442 % | |
R2 | 27.75 | 0.189 % | ||
R1 | 27.70 | 0.0323 % | ||
Current price: | 27.69 | |||
Support | S1 | 27.56 | -0.474 % | |
S2 | 27.52 | -0.631 % | ||
S3 | 27.45 | -0.88 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 28.54 | 3.06 % | |
R2 | 28.11 | 1.50 % | ||
R1 | 28.08 | 1.40 % | ||
Current price | 27.69 | |||
Support | S1 | 27.66 | -0.110% | |
S2 | 27.63 | -0.233% | ||
S3 | 27.02 | -2.43% |
RNSC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 21, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.0419 | 0.145% |
2 | Dec 22, 2023 | Dec 22, 2023 | Dec 29, 2023 | $0.257 | 0.90% |
3 | Sep 21, 2023 | Sep 22, 2023 | Sep 29, 2023 | $0.130 | 0.509% |
4 | Jun 26, 2023 | Jun 27, 2023 | Jun 30, 2023 | $0.174 | 0.646% |
5 | Mar 23, 2023 | Mar 24, 2023 | Mar 31, 2023 | $0.0980 | 0.369% |
FAQ
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