FTXL Stock Summary and Trading Ideas (First Trust Nasdaq Semiconductor ETF | NASDAQ:FTXL)

The First Trust Nasdaq Semiconductor ETF is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the Nasdaq US Smart Semiconductor Index. The Nasdaq US Smart Sector Index Family tracks a number of United States (US) economic sectors and selects securities for each sector based upon liquidity and then ranks the securities based on a three factor methodology incorporating volatility, value and growth. The Nasdaq US Smart Sector Index Family is a modified factor weighted index. The value of the Index equals the aggregate value of the Index share weights, also known as the Index Shares, of each of the Index Securities multiplied by each such security s Last Sale Price, and divided by the divisor of the Index. The divisor serves the purpose of scaling such aggregate value to a lower order of magnitude which is more desirable for reporting purposes. The Indexes began on July 8, 2016 at a base value of 1000. Index eligibility is limited to specific security types only. The security types eligible for the Index include common stocks, ordinary shares, depositary receipts (both American and Global), depositary shares, shares of beneficial interest or limited partnership interests and tracking stocks.

First Trust Nasdaq Semiconductor ETF trades on the NASDAQ stock market under the symbol FTXL.

As of April 19, 2024, FTXL stock price declined to $80.68 with 34,390 million shares trading.

FTXL has a beta of 1.69, meaning it tends to be more sensitive to market movements. FTXL has a correlation of 0.56 to the broad based SPY ETF.

FTXL has a market cap of $1.29 billion. This is considered a Small Cap stock.

In the last 3 years, FTXL stock traded as high as $95.48 and as low as $44.95.

FTXL has outperformed the market in the last year with a return of +31.3%, while the SPY ETF gained +21.2%. However, in the most recent history, FTXL shares have underperformed the stock market with its stock returning +0.4% in the last 3 month period and -7.7% for the last 2 week period, while SPY has returned +4.3% and -3.4%, respectively.

FTXL support price is $81.25 and resistance is $84.19 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FTXL stock will trade within this expected range on the day.