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FSMB
ETF ticker: NYSE ARCA
AS OF
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Price
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Net Assets
403.42M

FSMB First Trust Short Dur Mgd Muncpl ETF Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for FSMB with price predictions
07:00 PM EST Dec 03, 2023

FSMB in -0.10% downward trend, sliding for three consecutive days on November 16, 2023

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where FSMB declined for three days, in of 178 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 18 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 21 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

FSMB broke above its upper Bollinger Band on December 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 31, 2023. You may want to consider a long position or call options on FSMB as a result. In of 72 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

FSMB moved above its 50-day moving average on November 03, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for FSMB crossed bullishly above the 50-day moving average on November 09, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FSMB advanced for three days, in of 259 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 438 cases where FSMB Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

The investment seeks to provide federally tax-exempt income consistent with capital preservation. Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes. The municipal securities in which the fund invests may be fixed, variable or floating-rate securities.
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A.I. Advisor
published General Information

General Information

Category MuniNationalShort

Profile
Fundamentals
Details
Category
Muni National Short
Address
120 East Liberty DriveWheaton, Illinois 60187Wheaton
Phone
(800) 621-1675
Web
www.ftportfolios.com
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FSMB and

Correlation & Price change

A.I.dvisor indicates that over the last year, FSMB has been closely correlated with DFNM. These tickers have moved in lockstep 79% of the time. This A.I.-generated data suggests there is a high statistical probability that if FSMB jumps, then DFNM could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FSMB
1D Price
Change %
FSMB100%
+0.05%
DFNM - FSMB
79%
Closely correlated
-0.04%
SUB - FSMB
74%
Closely correlated
-0.03%
SHM - FSMB
74%
Closely correlated
-0.08%
SMMU - FSMB
68%
Closely correlated
-0.12%
SMB - FSMB
60%
Loosely correlated
-0.32%
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