First Trust Germany AlphaDEX Fund ETF Forecast

First Trust Germany AlphaDEX Fund ETF price ended at $38.77 on Monday, after losing 0.717%.
(Updated on Apr 15, 2024)

FGM Signals & Forecast

There are few to no technical positive signals at the moment. The First Trust Germany AlphaDEX Fund ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $39.83 and $39.48. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -5.05%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). First Trust Germany AlphaDEX Fund gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for First Trust Germany AlphaDEX Fund ETF

First Trust Germany AlphaDEX Fund finds support from accumulated volume at $37.82 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.81 between high and low, or 2.09%. For the last week the ETF has had daily average volatility of 0.458%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (FGM) For The Upcoming Trading Day Of Tuesday 16th

For the upcoming trading day on Tuesday, 16th we expect First Trust Germany AlphaDEX Fund to open at $39.04, and during the day (based on 14 day Average True Range), to move between $38.42 and $39.12, which gives a possible trading interval of +/-$0.354 (+/-0.91%) up or down from last closing price. If First Trust Germany AlphaDEX Fund takes out the full calculated possible swing range there will be an estimated 1.82% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $39.39 (1.60%) than the support at $37.82 (2.46%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is First Trust Germany AlphaDEX Fund ETF A Buy?

The First Trust Germany AlphaDEX Fund ETF holds several negative signals and despite the positive trend, we believe First Trust Germany AlphaDEX Fund will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.

Current score: -3.071 Sell Candidate Unchanged

Predicted Opening Price for First Trust Germany AlphaDEX Fund of Tuesday, April 16, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.