(QSPT) First Trust Exchange-Traded - Ratings and Ratios

The First Trust Exchange-Traded Fund VIII - FT Cboe Vest Nasdaq-100 Buffer ETF - September (BATS:QSPT) is designed to provide investors with exposure to the Nasdaq-100 index while incorporating downside protection through the use of FLEX Options. Under normal market conditions, the fund allocates substantially all of its assets to FLEX Options that reference the Invesco QQQ TrustSM, Series 1, which tracks the Nasdaq-100 index. FLEX Options are exchange-traded contracts that allow for customization of key terms such as strike prices, expiration dates, and option styles, offering a tailored investment approach. The fund is classified as non-diversified, meaning it may concentrate its investments in a limited number of securities, which can increase risk but also potentially enhance returns. QSPT is part of the Defined Outcome ETF category, focusing on delivering specific investment outcomes based on predefined parameters.

From a technical perspective, QSPT has shown a recent price of $27.52, with a 20-day average volume of 33,037 shares. The funds short-term trend, as indicated by the 20-day SMA of $28.23, suggests a slight decline from its recent average. The 50-day SMA of $28.04 and the 200-day SMA of $26.84 further highlight the funds recent price movement. The Average True Range (ATR) of 0.23 reflects relatively low volatility, indicating stable price fluctuations over the observed period.

Based on the provided data, the 3-month forecast for QSPT suggests a potential sideways to slightly bearish trend. The declining 20-day and 50-day SMAs, coupled with the funds current price below these averages, may indicate limited upside momentum. However, the relatively low ATR of 0.23 suggests that volatility is likely to remain manageable, with price fluctuations staying within a narrow range. Investors should monitor the funds performance relative to its SMAs and overall market conditions to assess potential entry or exit points.