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FTXG
ETF ticker: NASDAQ
AS OF
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Net Assets
83.75M

FTXG First Trust Nasdaq Food & Beverage ETF Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for FTXG with price predictions
07:00 PM EST Nov 29, 2023

Momentum Indicator for FTXG turns positive, indicating new upward trend

FTXG saw its Momentum Indicator move above the 0 level on November 30, 2023. 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 96 similar instances where the indicator turned positive. In of the 96 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

FTXG moved above its 50-day moving average on November 13, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for FTXG crossed bullishly above the 50-day moving average on November 15, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 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 FTXG advanced for three days, in of 312 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 310 cases where FTXG 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 FTXG moved out of overbought territory on November 27, 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 37 similar instances where the indicator moved out of overbought territory. In of the 37 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 68 cases where FTXG'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 FTXG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

FTXG broke above its upper Bollinger Band on November 22, 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.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Coca-Cola Company (NYSE:KO), PepsiCo (NASDAQ:PEP), Mondelez International (NASDAQ:MDLZ), Constellation Brands (NYSE:STZ), Kraft Heinz Company (The) (NASDAQ:KHC), Archer Daniels Midland Company (NYSE:ADM), General Mills (NYSE:GIS), Molson Coors Beverage Company (NYSE:TAP), Campbell Soup Company (NYSE:CPB).

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 Nasdaq US Smart Food & Beverage TM Index. The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the underlying index. The index is designed to provide exposure to U.S. companies comprising the food and beverage sector that have been selected based upon their liquidity and ranking. The fund is non-diversified.

Market Cap

The average market capitalization across the First Trust Nasdaq Food & Beverage ETF ETF is 30.23B. The market cap for tickers in the group ranges from 3.22B to 253.27B. KO holds the highest valuation in this group at 253.27B. The lowest valued company is JJSF at 3.22B.

High and low price notable news

The average weekly price growth across all stocks in the First Trust Nasdaq Food & Beverage ETF ETF was -0%. For the same ETF, the average monthly price growth was 5%, and the average quarterly price growth was -9%. BRBR experienced the highest price growth at 4%, while CELH experienced the biggest fall at -8%.

Volume

The average weekly volume growth across all stocks in the First Trust Nasdaq Food & Beverage ETF ETF was -14%. For the same stocks of the ETF, the average monthly volume growth was -39% and the average quarterly volume growth was -32%

Fundamental Analysis Ratings

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

Valuation Rating: 50
P/E Growth Rating: 61
Price Growth Rating: 57
SMR Rating: 57
Profit Risk Rating: 57
Seasonality Score: 5 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category ConsumerStaples

Profile
Fundamentals
Details
Category
Consumer Defensive
Address
Wheaton
Phone
N/A
Web
www.ftportfolios.com
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FTXG and

Correlation & Price change

A.I.dvisor indicates that over the last year, FTXG has been closely correlated with IYK. These tickers have moved in lockstep 90% of the time. This A.I.-generated data suggests there is a high statistical probability that if FTXG jumps, then IYK could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FTXG
1D Price
Change %
FTXG100%
+1.33%
IYK - FTXG
90%
Closely correlated
+1.21%
FSTA - FTXG
88%
Closely correlated
+1.02%
VDC - FTXG
87%
Closely correlated
+0.94%
XLP - FTXG
87%
Closely correlated
+0.97%
KXI - FTXG
81%
Closely correlated
+0.77%