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NFTY
ETF ticker: NASDAQ
AS OF
Apr 24, 04:58 PM (EDT)
Price
$58.22
Change
+$0.67 (+1.16%)
Net Assets
231.69M

NFTY First Trust India NIFTY 50 Equal Wtd ETF Forecast, Technical & Fundamental Analysis

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 NIFTY 50 Equal Weight Index... Show more

Category: #World Stock
NFTY
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for NFTY with price predictions
Apr 23, 2025

NFTY's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for NFTY turned positive on April 16, 2025. Looking at past instances where NFTY's MACD turned positive, the stock continued to rise in of 54 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 April 17, 2025. You may want to consider a long position or call options on NFTY as a result. In of 93 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

NFTY moved above its 50-day moving average on April 09, 2025 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for NFTY crossed bullishly above the 50-day moving average on March 25, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 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 NFTY advanced for three days, in of 300 cases, the price rose further within the following month. The odds of a continued upward trend are .

NFTY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 377 cases where NFTY 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 NFTY moved out of overbought territory on April 23, 2025. 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 46 similar instances where the indicator moved out of overbought territory. In of the 46 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 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 NFTY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

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

General Information

Category WorldStock

Profile
Fundamentals
Details
Category
India Equity
Address
First Trust Exchange-Traded Alphadex Fund II120 East Liberty Drive, Suite 400, Wheaton, IllinoisWheaton
Phone
(800) 621-1675
Web
www.ftportfolios.com
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NFTY and ETFs

Correlation & Price change

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

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NFTY
1D Price
Change %
NFTY100%
-0.43%
INDA - NFTY
90%
Closely correlated
-0.60%
FLIN - NFTY
90%
Closely correlated
-0.68%
EPI - NFTY
88%
Closely correlated
-0.71%
INDY - NFTY
87%
Closely correlated
-0.78%
SMIN - NFTY
75%
Closely correlated
-1.34%
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