First Trust NASDAQ Technology Dividend ETF Forecast
First Trust NASDAQ Technology Dividend ETF price ended at $69.67 on Thursday, after gaining 0.0862%.
(Updated on Mar 28, 2024)
The First Trust NASDAQ Technology Dividend ETF price gained 0.0862% on the last trading day (Thursday, 28th Mar 2024), rising from $69.61 to $69.67. During the last trading day the ETF fluctuated 0.350% from a day low at $69.56 to a day high of $69.80. The price has fallen in 6 of the last 10 days but is still up by 0.72% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 383 thousand more shares were traded than the day before. In total, 535 thousand shares were bought and sold for approximately $37.25 million.
The ETF lies in the middle of a strong 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 11.37% during the next 3 months and, with a 90% probability hold a price between $76.66 and $81.03 at the end of this 3-month period.
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TDIV Signals & Forecast
The First Trust NASDAQ Technology Dividend ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $69.47 and $68.46. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -1.78%. 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).
Support, Risk & Stop-loss for First Trust NASDAQ Technology Dividend ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $64.12 and $63.16. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, First Trust NASDAQ Technology Dividend finds support just below today's level at $64.12. If this is broken, then the next support from accumulated volume will be at $63.16 and $62.94.
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 $0.243 between high and low, or 0.350%. For the last week the ETF has had daily average volatility of 0.612%.
Our recommended stop-loss: $66.75 (-4.20%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (TDIV) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect First Trust NASDAQ Technology Dividend Index Fund to open at $69.68, and during the day (based on 14 day Average True Range), to move between $68.88 and $70.46, which gives a possible trading interval of +/-$0.793 (+/-1.14%) up or down from last closing price. If First Trust NASDAQ Technology Dividend Index Fund takes out the full calculated possible swing range there will be an estimated 2.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $69.75 (0.11%) than the support at $64.12 (7.97%), 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 Technology Dividend Index Fund ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for First Trust NASDAQ Technology Dividend ETF to perform well in the short-term.
Current score: 4.232 Buy Candidate Unchanged
Predicted Opening Price for First Trust NASDAQ Technology Dividend Index Fund of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$69.68 ( 0.0079%) | $69.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TDIV
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 69.92 | 0.357 % | |
R2 | 69.83 | 0.224 % | ||
R1 | 69.77 | 0.141 % | ||
Current price: | 69.67 | |||
Support | S1 | 69.58 | -0.126 % | |
S2 | 69.53 | -0.208 % | ||
S3 | 69.43 | -0.342 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 70.37 | 1.00 % | |
R2 | 69.82 | 0.215 % | ||
R1 | 69.75 | 0.115 % | ||
Current price | 69.67 | |||
Support | S1 | 64.12 | -7.97% | |
S2 | 63.16 | -9.34% | ||
S3 | 62.94 | -9.66% |
TDIV Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 21, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.191 | 0.274% |
2 | Dec 22, 2023 | Dec 22, 2023 | Dec 29, 2023 | $0.450 | 0.703% |
3 | Sep 21, 2023 | Sep 22, 2023 | Sep 29, 2023 | $0.222 | 0.396% |
4 | Jun 26, 2023 | Jun 27, 2023 | Jun 30, 2023 | $0.263 | 0.448% |
5 | Mar 23, 2023 | Mar 24, 2023 | Mar 31, 2023 | $0.178 | 0.329% |
FAQ
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