First Trust Developed Markets Ex-US ETF Forecast
First Trust Developed Markets Ex-US ETF price ended at $53.95 on Thursday, after gaining 0.447%.
(Updated on Apr 18, 2024)
The First Trust Developed Markets Ex-US ETF price gained 0.447% on the last trading day (Thursday, 18th Apr 2024), rising from $53.71 to $53.95. During the last trading day the ETF fluctuated 0.762% from a day low at $53.83 to a day high of $54.24. The price has risen in 6 of the last 10 days but is still down by -3.11% for this period. Volume fell on the last day by -7 thousand shares and in total, 15 thousand shares were bought and sold for approximately $818.53 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $53.78 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 8.81% during the next 3 months and, with a 90% probability hold a price between $58.52 and $61.83 at the end of this 3-month period.
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FDT Signals & Forecast
There are few to no technical positive signals at the moment. The First Trust Developed Markets Ex-US 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 $54.64 and $55.19. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -4.17%. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for First Trust Developed Markets Ex-US ETF
First Trust Developed Markets Ex-US finds support from accumulated volume at $52.66 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.410 between high and low, or 0.762%. For the last week the ETF has had daily average volatility of 1.17%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FDT) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect First Trust Developed Markets Ex-US AlphaDEX Fund to open at $54.01, and during the day (based on 14 day Average True Range), to move between $53.20 and $54.70, which gives a possible trading interval of +/-$0.750 (+/-1.39%) up or down from last closing price. If First Trust Developed Markets Ex-US AlphaDEX Fund takes out the full calculated possible swing range there will be an estimated 2.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $52.66 (2.39%) than the resistance at $55.57 (3.00%), 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 Developed Markets Ex-US AlphaDEX Fund ETF A Buy?
The First Trust Developed Markets Ex-US ETF holds several negative signals and despite the positive trend, we believe First Trust Developed Markets Ex-US will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -3.531 Sell Candidate Unchanged
Predicted Opening Price for First Trust Developed Markets Ex-US AlphaDEX Fund of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$54.01 ( 0.105%) | $53.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FDT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 54.42 | 0.86 % | |
R2 | 54.26 | 0.575 % | ||
R1 | 54.16 | 0.395 % | ||
Current price: | 53.95 | |||
Support | S1 | 53.85 | -0.185 % | |
S2 | 53.75 | -0.365 % | ||
S3 | 53.60 | -0.655 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 56.24 | 4.24 % | |
R2 | 55.81 | 3.45 % | ||
R1 | 55.57 | 3.00 % | ||
Current price | 53.95 | |||
Support | S1 | 52.66 | -2.39% | |
S2 | 52.56 | -2.58% | ||
S3 | 52.24 | -3.17% |
FDT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 21, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.196 | 0.350% |
2 | Dec 22, 2023 | Dec 22, 2023 | Dec 29, 2023 | $0.93 | 1.77% |
3 | Sep 21, 2023 | Sep 22, 2023 | Sep 29, 2023 | $0.276 | 0.549% |
4 | Jun 26, 2023 | Jun 27, 2023 | Jun 30, 2023 | $0.88 | 1.71% |
5 | Mar 23, 2023 | Mar 24, 2023 | Mar 31, 2023 | $0.205 | 0.404% |
FAQ
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