(FTXR) First Trust Nasdaq - Ratings and Ratios

The First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) is a non-diversified exchange-traded fund (ETF) designed to track the performance of the Nasdaq Transportation Index. The fund invests at least 90% of its net assets in the securities that comprise the index, which is focused on U.S. companies in the transportation sector. These companies are selected based on liquidity and ranking within the sector, providing targeted exposure to the transportation industry. The ETF is listed on the NASDAQ exchange and is categorized under industrials.

From a technical standpoint, FTXR is currently trading at $31.43, below its short-term (SMA 20: $33.16) and medium-term (SMA 50: $34.32) moving averages but above its long-term (SMA 200: $32.35) moving average. This indicates a potential downtrend in the short to medium term. The Average True Range (ATR) of 0.48 suggests low volatility, while the average 20-day volume of 3,746 shares indicates limited trading activity. The fund has assets under management (AUM) of $32.65 million, reflecting its modest size in the ETF market.

3-Month Forecast: Based on the technical and fundamental data, FTXR is expected to face headwinds in the next three months. The ETFs price is likely to remain range-bound or experience a slight decline, given its position below key moving averages. The transportation sectors performance will be a critical driver, with potential challenges from economic uncertainty and supply chain disruptions. The low ATR suggests limited volatility, but the ETFs small size and low trading volume could amplify price movements. Investors should monitor broader market conditions and sector-specific trends for potential shifts in momentum.