FPE Forecast


Bullish Case: Institutional buying and historical returns suggest FPE may stabilize or rise slightly. FPE's 60-day gain (1.8%) hints at bullish momentum.


Bearish Case: Historical data shows consistent underperformance, with 10-year (-9.6%) and 5-year (-10.7%) declines. Recent flat action (0.14%) indicates weak buying interest.


Potential Outcomes: FPE stabilizes at $17 (50%), slight increase to $18 (30%), or declines to $15 (20%). Institutional trading influences these probabilities.


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June 30, 2024


First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income Forecast

FPE      First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income











Correlated Assets

Assets that tend to move strongly with FPE



VIG Forecast + Options Trading Strategies   VIG  Vanguard Group, Inc. - Vanguard Dividend Appreciation FTF (0.98)


IVV Forecast + Options Trading Strategies   IVV  BTC iShares Core S&P 500 (0.98)


SCHX Forecast + Options Trading Strategies   SCHX  Schwab Strategic Trust - Schwab U.S. Large-Cap (0.98)


VTI Forecast + Options Trading Strategies   VTI  Vanguard Total Stock Market (0.98)


SPLG Forecast + Options Trading Strategies   SPLG  SPDR Series Trust - SPDR Portfolio S&P 500 (0.98)



Uncorrelated Assets

Assets with little price relationship to FPE



CTRA Forecast + Options Trading Strategies   CTRA  Coterra Energy (-0.0)


ADC Forecast + Options Trading Strategies   ADC  Agree Realty (-0.0)


SNOW Forecast + Options Trading Strategies   SNOW  Snowflake (0.0)


TYD Forecast + Options Trading Strategies   TYD  Direxion Daily 7-10 Year Treasury Bull 3X Shares (-0.0)


LZ Forecast + Options Trading Strategies   LZ  LegalZoom.com (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against FPE



SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.96)


DXD Forecast + Options Trading Strategies   DXD  ProShares UltraShort Dow30 (-0.96)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.97)


SDOW Forecast + Options Trading Strategies   SDOW  ProShares UltraPro Short Dow30 (-0.97)


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.97)





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