FMF First Trust Managed Future Strategy ETF Forecast, Technical & Fundamental Analysis
FMF in upward trend: price may ascend as a result of having broken its lower Bollinger Band on December 01, 2023
FMF may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 32 cases where FMF's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FMF advanced for three days, in of 296 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on November 30, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on FMF as a result. In of 110 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for FMF turned negative on December 01, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FMF declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for FMF entered a downward trend on November 17, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
Industry description
General Information
Category LargeBlend
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| JNVYX | 17.20 | 0.31 | +1.84% |
| Jensen Quality Value Y | |||
| AFAZX | 10.39 | 0.11 | +1.07% |
| Applied Finance Dividend Institutional | |||
| MCLVX | 25.80 | 0.27 | +1.06% |
| BlackRock Advantage Large Cap Val Inv C | |||
| JEMKX | 8.89 | 0.01 | +0.11% |
| JHancock Emerging Markets Equity R2 | |||
| JEMCX | 26.82 | N/A | N/A |
| JPMorgan Emerging Markets Equity C | |||
FMF and
Correlation & Price change
A.I.dvisor indicates that over the last year, FMF has been loosely correlated with KMLM. These tickers have moved in lockstep 42% of the time. This A.I.-generated data suggests there is some statistical probability that if FMF jumps, then KMLM could also see price increases.
| Ticker / NAME | Correlation To FMF | 1D Price Change % | ||
|---|---|---|---|---|
| FMF | 100% | -0.69% | ||
| KMLM - FMF | 42% Loosely correlated | -2.37% | ||
| DBMF - FMF | 37% Loosely correlated | -1.39% | ||
| CTA - FMF | 33% Poorly correlated | -0.74% | ||
| WTMF - FMF | 20% Poorly correlated | +0.06% |