(GJAN) First Trust Exchange-Traded - Ratings and Ratios

The First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - January (GJAN) is designed to provide investors with a moderate level of protection against losses in the S&P 500 Index while still allowing for potential gains. The fund achieves this by investing in FLexible EXchange Options (FLEX Options) that reference the SPDR S&P 500 ETF Trust, which tracks the S&P 500 Index through a replication strategy.

The underlying ETF holds a portfolio of stocks that mirrors the S&P 500 Index, providing broad exposure to the US equity market. By using FLEX Options, GJAN aims to buffer against potential losses, making it an attractive option for risk-averse investors seeking to manage their exposure to market volatility.

Analyzing the technical data, we can see that GJANs price is currently at $37.94, with its 20-day Simple Moving Average (SMA) at $37.26 and its 50-day SMA at $37.46. The 200-day SMA is at $37.96, indicating a slight downward trend. The Average True Range (ATR) is 0.78, representing a 2.06% daily price movement. Given these indicators, we can forecast that GJAN may experience a short-term bounce, potentially reaching the $38.50 level, if the S&P 500 Index continues to show stability.

Fundamentally, GJAN has $360.93 million in Assets Under Management (AUM), indicating a moderate level of investor interest. As a non-diversified fund, GJANs performance is closely tied to the S&P 500 Index. Our analysis suggests that if the S&P 500 Index remains stable or experiences a moderate uptrend, GJANs buffer strategy could help mitigate potential losses, making it a viable option for investors seeking to balance risk and potential returns. We forecast that GJANs price could reach $40.00 by the end of the next quarter, assuming the S&P 500 Index continues to perform well and volatility remains relatively low.