First Trust Preferred Securities and Income ETF (FPE)

First Trust Preferred Securities and Income ETF is trading at $16.94, down 0.65% on the session. The 50 day average sits at $17.42 and the 200 day at $17.90, which puts the stock in a downtrend. RSI is at 37.9, which reads as weak, and MACD is bullish crossover. Volume is average.

The nearest support is around $16.99 with resistance near $17.12, so that band frames the current range. Average daily movement is roughly $0.08, or about 0.5% of the share price, which is what any stop placement has to allow for. The overall health score of 45 out of 100 combines a trend score of 7, momentum of 54 and a risk score of 92.

Under normal market conditions, the fund invests at least 80% of its net assets (including investment borrowings) in preferred securities ("Preferred Securities") and income-producing debt securities ("Income Securities"). The fund invests in securities that are traded over-the-counter or listed on an exchange.