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FTGS
ETF ticker: NASDAQ
AS OF
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Net Assets
56.44M

FTGS First Trust Growth Strength ETF Forecast, Technical & Fundamental Analysis

Category LargeGrowth
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for FTGS with price predictions
07:00 PM EST Dec 05, 2023

FTGS's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for FTGS turned positive on November 02, 2023. Looking at past instances where FTGS's MACD turned positive, the stock continued to rise in of 6 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on FTGS as a result. In of 13 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

FTGS moved above its 50-day moving average on November 02, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for FTGS crossed bullishly above the 50-day moving average on November 13, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 3 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 FTGS advanced for three days, in of 66 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 69 cases where FTGS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for FTGS moved out of overbought territory on December 05, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 7 similar instances where the indicator moved out of overbought territory. In of the 7 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 15 cases where FTGS's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where FTGS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Alphabet (NASDAQ:GOOGL), NVIDIA Corp (NASDAQ:NVDA), Tesla (NASDAQ:TSLA), VISA (NASDAQ:V), Unitedhealth Group (NASDAQ:UNH), Broadcom (NASDAQ:AVGO), Mastercard (NASDAQ:MA), Adobe (NASDAQ:ADBE), Chevron Corp (NASDAQ:CVX), Nike (NASDAQ:NKE).

Industry description

The investment seeks investment results that correspond generally to the price and yield (before the fund’s fees and expenses) of an equity index called The Growth Strength Index. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the common stocks and real estate investment trusts (“REITs”) that comprise the index. The index seeks to provide exposure to a mix of domestic equities with filters for liquidity, return on equity, long-term debt, revenue and cash flow growth. It is non-diversified.

Market Cap

The average market capitalization across the First Trust Growth Strength ETF ETF is 213.23B. The market cap for tickers in the group ranges from 13.35B to 1.73T. GOOGL holds the highest valuation in this group at 1.73T. The lowest valued company is ENPH at 13.35B.

High and low price notable news

The average weekly price growth across all stocks in the First Trust Growth Strength ETF ETF was 1%. For the same ETF, the average monthly price growth was 6%, and the average quarterly price growth was 14%. LEN experienced the highest price growth at 7%, while EQT experienced the biggest fall at -7%.

Volume

The average weekly volume growth across all stocks in the First Trust Growth Strength ETF ETF was -7%. For the same stocks of the ETF, the average monthly volume growth was -4% and the average quarterly volume growth was -16%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 66
P/E Growth Rating: 42
Price Growth Rating: 38
SMR Rating: 39
Profit Risk Rating: 25
Seasonality Score: 6 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category LargeGrowth

Profile
Fundamentals
Details
Category
Large Growth
Address
First Trust Exchange-Traded Fund1001 Warrenville Road, Suite 300Lisle
Phone
630-241-4141
Web
www.ftportfolios.com
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FTGS and

Correlation & Price change

A.I.dvisor indicates that over the last year, FTGS has been closely correlated with IVW. These tickers have moved in lockstep 91% of the time. This A.I.-generated data suggests there is a high statistical probability that if FTGS jumps, then IVW could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FTGS
1D Price
Change %
FTGS100%
-0.31%
IVW - FTGS
91%
Closely correlated
-0.59%
IWF - FTGS
87%
Closely correlated
-0.60%
VUG - FTGS
86%
Closely correlated
-0.54%
SCHG - FTGS
85%
Closely correlated
-0.65%
QQQ - FTGS
84%
Closely correlated
-0.58%