First Trust NASDAQ Technology Dividend ETF Forecast

First Trust NASDAQ Technology Dividend ETF price down 1.15% on Friday
(Updated on Apr 19, 2024)

TDIV Signals & Forecast

There are few to no technical positive signals at the moment. The First Trust NASDAQ Technology Dividend ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $67.21 and $69.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -8.06%. 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). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.

Support, Risk & Stop-loss for First Trust NASDAQ Technology Dividend ETF

There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.

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 $1.03 between high and low, or 1.58%. For the last week the ETF has had daily average volatility of 1.59%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (TDIV) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect First Trust NASDAQ Technology Dividend Index Fund to open at $65.46, and during the day (based on 14 day Average True Range), to move between $64.24 and $66.18, which gives a possible trading interval of +/-$0.97 (+/-1.49%) 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 2.98% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $66.64, some $1.43 (2.19%) from the current price of $65.21, our system finds the risk reward not very attractive.

Is First Trust NASDAQ Technology Dividend Index Fund ETF A Buy?

The First Trust NASDAQ Technology Dividend ETF holds several negative signals and despite the positive trend, we believe First Trust NASDAQ Technology Dividend will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.

Current score: -2.632 Sell Candidate Unchanged

Predicted Opening Price for First Trust NASDAQ Technology Dividend Index Fund of Monday, April 22, 2024

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