FCG - natural gas seasonalityNatural gas has strong seasonal trend from late Feb to Late April/early May. AMEX:FCG FCG closes the period favorable 71% of the time.
I'm planning on playing this with entries between 22.33-22.77 in spread across 2/20, 2/21, 2/23, 2/29 (which have the lowest probability of a positive close for t
Key stats
About First Trust Natural Gas ETF
Home page
Inception date
May 8, 2007
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
FCG is the first of its kind, giving a dedicated exposure to the US natural gas market. Fortunately, the fund does a sufficient job of capturing the concentrated space. FCG selects from companies that are involved in natural gas in some capacity, dedicating 15% of its portfolio to MLPs and the remaining 85% to equities. It then applies linear cap-weighted rankings to each bucket. Average daily trading volume and market cap are factored in both selection and weighting. The resulting portfolio is a near-perfect representation of the market. The index is rebalanced and reconstituted on a quarterly basis.
Classification
What's in the fund
Exposure type
Energy Minerals
Stock breakdown by region
Natural Gas Long12R and 4R trades on Natural Gas and First Trust Natural Gas.
I think the 4R trade on Natural Gas is the most reasonable conservative target possible. Targeting $4-4.5 to take profits.
First Trust Natural Gas is more optimistic but technically it seems like it will go there.
You could do a 50:50
FCG - Could be a cold winterFCG looking good here with room to run in the current regression channel. Looking similar to the early June 2021 run. However some resistance exist in this price range.
Indicators looking good, especially woodies CCI which is confirming the bullish trend. Further, FCG made a new high recently on
FCG Ascending Triangle about to breakout. 25% increase in priceFCG: FIRST TRUST NATURAL GAS ETF
The ETF is just coming out of the lows and it has formed an ascending triangle. It is testing the resistance breakout trend line again. After a successful breakout, it should retest the trend line as support and eventually reach the target price of ~$22 which is abo
Natural Gas ETF long I'm all about generating ideas off of the storm hitting the Gulf right now. With an anticipation in increasing high natural gas prices, I'm looking at this chart. A good buy for me is around 21.55 with an initial target of 23.13, where I will take 2/3 profits and move my stop up from 21.20.
As a di
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.