FTGC Crosses Critical Technical Indicator
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 26 2024
0mins
Source: NASDAQ.COM
RSI Analysis: The First Trust Global Tactical Commodity Strategy Fund (FTGC) has an RSI reading of 27.8, indicating potential exhaustion of recent selling pressure compared to the S&P 500's RSI of 46.2.
Performance Overview: FTGC shares are currently trading at $22.97, down 0.8% for the day, with a 52-week range between $22.03 and $25.06.
Analyst Views on FTGC
Wall Street analysts forecast FTGC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FTGC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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0 Sell
Current: 24.620
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Current: 24.620
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
