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FTLS
ETF ticker: NYSE ARCA
AS OF
Dec 18, 11:35 AM (EDT)
Price
$67.18
Change
-$0.51 (-0.75%)
Net Assets
1.71B

FTLS First Trust Long/Short Equity ETF Forecast, Technical & Fundamental Analysis

Category LongShort
FTLS
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for FTLS with price predictions
Dec 17, 2024

Momentum Indicator for FTLS turns positive, indicating new upward trend

FTLS saw its Momentum Indicator move above the 0 level on November 25, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 98 similar instances where the indicator turned positive. In of the 98 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for FTLS just turned positive on November 26, 2024. Looking at past instances where FTLS's MACD turned positive, the stock continued to rise in of 56 cases 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 FTLS advanced for three days, in of 327 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 386 cases where FTLS 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 RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 14 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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

FTLS broke above its upper Bollinger Band on December 17, 2024. 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.

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FTLS
Daily Signalchanged days ago
Gain/Loss if bought
Show more...
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A.I. Advisor
published General Information

General Information

Category LongShort

Profile
Fundamentals
Details
Category
Long-Short Equity
Address
120 East Liberty DriveWheaton, Illinois 60187Wheaton
Phone
(800) 621-1675
Web
www.ftportfolios.com
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FTLS and ETFs

Correlation & Price change

A.I.dvisor indicates that over the last year, FTLS has been closely correlated with ADME. These tickers have moved in lockstep 76% of the time. This A.I.-generated data suggests there is a high statistical probability that if FTLS jumps, then ADME could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FTLS
1D Price
Change %
FTLS100%
+0.62%
ADME - FTLS
76%
Closely correlated
-0.15%
CLSE - FTLS
68%
Closely correlated
-1.59%
HTUS - FTLS
67%
Closely correlated
-0.41%
RSEE - FTLS
65%
Loosely correlated
-0.61%
VMOT - FTLS
64%
Loosely correlated
-0.67%
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