(FID) First Trust Intl - Ratings and Ratios

The First Trust Intl Multi-Asset Diversified Inc (NASDAQ:FID) is an ETF that focuses on investing in high dividend-yielding companies with a history of consistently increasing or maintaining their dividend payouts for at least a decade. This investment strategy is designed to provide a relatively stable source of income for investors.

Under normal market conditions, FID allocates a minimum of 90% of its net assets to equity securities that are part of its tracked index. The underlying index is constructed to measure the performance of these dividend-paying companies, potentially offering a diversified portfolio with a value-oriented investment approach.

Given its classification under the Foreign Large Value ETF category and its USA origin, FID is likely to be heavily invested in large-cap international stocks that are known for their dividend payments. The funds investment in such stocks is expected to provide a cushion during market downturns, as dividend-paying stocks are often considered to be less volatile.

Analyzing the technical data, we observe that FIDs last price is $18.29, which is above its SMA20, SMA50, and SMA200, indicating a positive short-term and long-term trend. The Average True Range (ATR) of 0.28, or 1.56%, suggests moderate daily price volatility. With a 52-week high of $18.39 and a low of $15.25, the current price is near its 52-week high, indicating strong recent performance.

Combining technical and fundamental analysis, we can forecast FIDs potential future performance. With its current price near the 52-week high and above key moving averages, the ETF may continue to see upward momentum if the trend persists. However, the relatively modest AUM of $93.35M USD might impact its liquidity and potentially lead to higher trading costs. Considering the dividend-focused investment strategy and the current market positioning, a cautious outlook suggests that FID may maintain its current levels or see moderate growth, assuming the overall market conditions remain favorable for dividend-paying stocks.

Forecasting, if the SMA20 continues to act as support and the overall trend remains bullish, FID could potentially target the $18.50-$19.00 range in the short term. Conversely, a decline below the SMA50 at $17.49 could signal a correction, potentially targeting the $17.00 level. Investors should closely monitor the ETFs price action relative to its moving averages and overall market conditions to adjust their strategies accordingly.