(FST) First Trust Canadian - Ratings and Ratios

The First Trust Canadian Capital Strength ETF (FST) is a Canadian equity ETF that tracks the Morningstar Canada GR CAD index, providing investors with exposure to a diversified portfolio of Canadian stocks with strong capital fundamentals.

Analyzing the ETFs characteristics, we can infer that it is designed to invest in Canadian companies with robust financials, potentially including large-cap stocks with a history of stability and growth. The fund is managed by First Trust, a reputable asset management firm with a presence in Canada.

From a technical analysis perspective, FSTs recent price action indicates a bullish trend, with the ETF trading above its 20-day, 50-day, and 200-day simple moving averages (SMA20, SMA50, and SMA200). The current price of $60.18 is near its 52-week high of $60.50, suggesting strong momentum. The Average True Range (ATR) of 0.46 CAD, equivalent to 0.77% of the current price, indicates relatively low volatility.

Combining technical and fundamental data, we can forecast that FST is likely to continue its upward trend, driven by its underlying index and the overall Canadian equity market. With Assets Under Management (AUM) of $128.88M CAD, the ETF has a stable presence in the market. Assuming the current trend persists, we can expect FST to potentially reach $62.00 CAD in the near term, representing a 3.0% increase from its current price. However, a decline below the SMA20 at $58.67 could indicate a reversal in the trend.

To maximize returns, investors may consider monitoring FSTs price action and adjusting their strategies accordingly. A break above the 52-week high could signal further upside potential, while a drop below the SMA50 at $56.47 may indicate a more significant correction.