FTSM First Trust Enhanced Short Maturity ETF Forecast, Technical & Fundamental Analysis
FTSM's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for FTSM turned positive on November 14, 2023. Looking at past instances where FTSM's MACD turned positive, the stock continued to rise in of 60 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FTSM advanced for three days, in of 264 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 758 cases where FTSM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
Fundamental Analysis (Ratings)
Industry description
General Information
Category UltrashortBond
FTSM and
Correlation & Price change
A.I.dvisor indicates that over the last year, FTSM has been loosely correlated with MINT. These tickers have moved in lockstep 44% of the time. This A.I.-generated data suggests there is some statistical probability that if FTSM jumps, then MINT could also see price increases.
| Ticker / NAME | Correlation To FTSM | 1D Price Change % | ||
|---|---|---|---|---|
| FTSM | 100% | +0.07% | ||
| MINT - FTSM | 44% Loosely correlated | +0.06% | ||
| JPST - FTSM | 39% Loosely correlated | +0.08% | ||
| SHV - FTSM | 33% Loosely correlated | +0.03% | ||
| SGOV - FTSM | 22% Poorly correlated | +0.03% | ||
| BIL - FTSM | 20% Poorly correlated | +0.02% | ||
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