FTXL First Trust Nasdaq Semiconductor ETF Forecast, Technical & Fundamental Analysis
FTXL's Indicator enters downward trend
The Aroon Indicator for FTXL entered a downward trend on May 23, 2022. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 115 similar instances where the Aroon Indicator formed such a pattern. In 98 of the 115 cases the stock moved lower. This puts the odds of a downward move at 85%.
Technical Analysis (Indicators)
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FTXL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 50 cases where FTXL's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on May 25, 2022. You may want to consider a long position or call options on FTXL as a result. In of 75 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for FTXL just turned positive on May 13, 2022. Looking at past instances where FTXL's MACD turned positive, the stock continued to rise in of 44 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 FTXL advanced for three days, in of 371 cases, the price rose further within the following month. The odds of a continued upward trend are .
FTXL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
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General Information
Category Technology
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FTXL and
Correlation & Price change
A.I.dvisor indicates that over the last year, FTXL has been closely correlated with SOXX. These tickers have moved in lockstep 96% of the time. This A.I.-generated data suggests there is a high statistical probability that if FTXL jumps, then SOXX could also see price increases.
| Ticker / NAME | Correlation To FTXL | 1D Price Change % |
|---|---|---|
| FTXL | 100% | +1.83% |
| SOXX - FTXL | 96% Closely correlated | +1.80% |
| SMH - FTXL | 96% Closely correlated | +2.08% |
| IYW - FTXL | 87% Closely correlated | +1.43% |
| VGT - FTXL | 87% Closely correlated | +1.43% |
| XLK - FTXL | 86% Closely correlated | +1.17% |