Technical Analysis for LMBS - First Trust Low Duration Mortgage Opportunities ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 48.55 | -0.16% | -0.08 |
LMBS closed down 0.16 percent on Friday, November 1, 2024, on 76 percent of normal volume. It ran into resistance at its 50 day moving average. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Down | Flat |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 20 DMA Resistance | Bearish | 0.00% | |
| 50 DMA Resistance | Bearish | 0.00% | |
| Shooting Star Candlestick | Bearish | 0.00% | |
| Lizard Bearish | Bearish Day Trade Setup | 0.00% | |
| Slingshot Bearish | Bearish Swing Setup | 0.00% | |
| Wide Range Bar | Range Expansion | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Upper Bollinger Band Touch | Strength | 0.00% | |
| Below Lower BB | Weakness | 0.00% | |
| Down 3 Days in a Row | Weakness | 0.00% |
| Alert | Time |
|---|---|
| Reversed from Up | about 22 hours ago |
| Rose Above Previous Day's High | 1 day ago |
| Rose Above Upper Bollinger Band | 1 day ago |
| 50 DMA Resistance | 1 day ago |
| 20 DMA Resistance | 1 day ago |
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Basic chart:
The investment seeks to generate current income with a secondary objective of capital appreciation.
Under normal market conditions, the fund will seek to achieve its investmentobjectives by investing at least 80% of its net assets (including investmentborrowings) in mortgage-related debt securities and other mortgage-relatedinstruments (collectively, "Mortgage-Related Investments"). The fund normallyexpects to invest in Mortgage-Related Investments tied to residential andcommercial mortgages. It is non-diversified.
Keywords: Exchange Traded Fund ETF Structured Finance Mortgage Backed Security Loan Mortgage Loan Debt Securities Commercial Mortgage
Classification
Keywords: Exchange Traded Fund ETF Structured Finance Mortgage Backed Security Loan Mortgage Loan Debt Securities Commercial Mortgage
Top 10 Components
| Symbol | Grade | Price % Change | Allocation | |
|---|---|---|---|---|
| LGOV | D | -0.89 | 0.04 |
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 51.3114 |
| 52 Week Low | 44.9037 |
| Average Volume | 500,281 |
| 200-Day Moving Average | 48.21 |
| 50-Day Moving Average | 49.02 |
| 20-Day Moving Average | 48.82 |
| 10-Day Moving Average | 48.72 |
| Average True Range | 0.22 |
| RSI (14) | 29.08 |
| ADX | 18.16 |
| +DI | 43.04 |
| -DI | 22.68 |
| Chandelier Exit (Long, 3 ATRs) | 48.72 |
| Chandelier Exit (Short, 3 ATRs) | 49.20 |
| Upper Bollinger Bands | 49.07 |
| Lower Bollinger Band | 48.57 |
| Percent B (%b) | -0.05 |
| BandWidth | 1.02 |
| MACD Line | -0.12 |
| MACD Signal Line | -0.09 |
| MACD Histogram | -0.0278 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 49.80 | ||||
| Resistance 3 (R3) | 49.93 | 49.66 | 49.59 | ||
| Resistance 2 (R2) | 49.66 | 49.34 | 49.59 | 49.52 | |
| Resistance 1 (R1) | 49.10 | 49.14 | 48.97 | 48.97 | 49.45 |
| Pivot Point | 48.83 | 48.83 | 48.76 | 48.76 | 48.83 |
| Support 1 (S1) | 48.27 | 48.51 | 48.14 | 48.14 | 47.65 |
| Support 2 (S2) | 48.00 | 48.31 | 47.93 | 47.58 | |
| Support 3 (S3) | 47.44 | 48.00 | 47.51 | ||
| Support 4 (S4) | 47.31 |
