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

The First Trust Exchange-Traded Fund IV - FT Energy Income Partners Strategy ETF (EIPX) is an equity energy ETF that focuses on investing in a diversified portfolio of energy companies, with a minimum of 80% of its net assets allocated to equity securities in the broader energy market. The funds investment scope includes U.S. and non-U.S. companies across various market capitalizations, providing a broad exposure to the energy sector.

While the fund may invest in Master Limited Partnerships (MLPs), it adheres to applicable tax diversification rules by limiting its investment in MLPs and other companies taxed as partnerships. As a non-diversified fund, EIPX may concentrate its investments in a relatively smaller number of holdings, potentially amplifying its exposure to specific market segments or companies.

Analyzing the technical data, we observe that the funds last price is $24.71, with short-term and long-term moving averages indicating a relatively stable trend. The 20-day SMA is $24.23, while the 50-day and 200-day SMAs are $24.72 and $24.55, respectively. The Average True Range (ATR) is 0.60, representing a 2.41% daily volatility. Considering these technical indicators, we can anticipate a potential breakout or consolidation in the near term.

Combining the technical analysis with fundamental data, we note that the funds Assets Under Management (AUM) stand at $365.25 million. With the current market conditions and the funds investment strategy, we can forecast that EIPX may experience a moderate growth trajectory, driven by the overall performance of the energy sector. If the energy market continues to stabilize and the funds holdings perform in line with expectations, we can project a potential price target of $27.50 in the next 6-12 months, representing a 11.3% increase from the current price.

However, its essential to monitor the funds performance and adjust the forecast accordingly, as the energy market is subject to various factors, including geopolitical events, regulatory changes, and shifts in global demand. A thorough analysis of the funds holdings and ongoing market conditions will be crucial in refining this forecast and making informed investment decisions.