FMNY First Trust New York High Inc Mncpl ETF Forecast, Technical & Fundamental Analysis

FMNY's Stochastic Oscillator is sitting in overbought zone for 6 days

The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Technical Analysis (Indicators)

Bearish Trend Analysis

The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

FMNY broke above its upper Bollinger Band on September 04, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on September 03, 2025. You may want to consider a long position or call options on FMNY as a result. In of 55 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for FMNY just turned positive on September 03, 2025. Looking at past instances where FMNY's MACD turned positive, the stock continued to rise in of 33 cases over the following month. The odds of a continued upward trend are .

FMNY moved above its 50-day moving average on August 01, 2025 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for FMNY crossed bullishly above the 50-day moving average on August 06, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FMNY advanced for three days, in of 274 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 249 cases where FMNY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .