NXTG Stock Summary and Trading Ideas (First Trust Indxx Nextg ETF | NASDAQ:NXTG)

The First Trust Indxx NextG ETF, formerly First Trust Nasdaq Smartphone Index Fund, seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an equity index called the Indxx 5G & NextG Thematic Index. The Fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks and depositary receipts that comprise the Index. The Indxx 5G & NextG Thematic Index is designed to track the performance of companies that are at the core of the research and development of the new 5G cellular technology and next generation technologies as they emerge. The index seeks to include only companies that have devoted material resources or made material commitments to the use of 5G technology. 5G is the next (fifth) generation of cellular technology, which promises to greatly enhance the speed, coverage and responsiveness of wireless networks.

First Trust Indxx Nextg ETF trades on the NASDAQ stock market under the symbol NXTG.

As of April 24, 2024, NXTG stock price climbed to $75.24 with 8,900 million shares trading.

NXTG has a market cap of $364.91 million. This is considered a Small Cap stock.

In the last 3 years, NXTG stock traded as high as $83.49 and as low as $53.16.

NXTG has underperformed the market in the last year with a price return of +13.6% while the SPY ETF gained +24.2%. NXTG has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.9% and -4.6%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

NXTG support price is $74.16 and resistance is $75.58 (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 NXTG stock will trade within this expected range on the day.