First Trust Asia Pacific Ex-Japan ETF Forecast
First Trust Asia Pacific Ex-Japan ETF price up 0.163% on Thursday
(Updated on Mar 28, 2024)
The First Trust Asia Pacific Ex-Japan ETF price gained 0.163% on the last trading day (Thursday, 28th Mar 2024), rising from $27.56 to $27.60. During the last trading day the ETF fluctuated 1.02% from a day low at $27.49 to a day high of $27.77. The price has been going up and down for this period, and there has been a -2.85% loss for the last 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 991 shares were bought and sold for approximately $27.35 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 9.29% during the next 3 months and, with a 90% probability hold a price between $29.40 and $31.49 at the end of this 3-month period.
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FPA Signals & Forecast
A sell signal was issued from a pivot top point on Thursday, March 14, 2024, and so far it has fallen -2.85%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. The First Trust Asia Pacific Ex-Japan ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $27.68. On a fall, the ETF will find some support from the long-term average at approximately $27.41. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
Support, Risk & Stop-loss for First Trust Asia Pacific Ex-Japan ETF
First Trust Asia Pacific Ex-Japan finds support from accumulated volume at $27.51 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.280 between high and low, or 1.02%. For the last week the ETF has had daily average volatility of 0.589%
Our recommended stop-loss: $26.40 (-4.35%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (FPA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect First Trust Asia Pacific Ex-Japan AlphaDEX Fund to open at $27.62, and during the day (based on 14 day Average True Range), to move between $27.36 and $27.84, which gives a possible trading interval of +/-$0.241 (+/-0.87%) up or down from last closing price. If First Trust Asia Pacific Ex-Japan AlphaDEX Fund takes out the full calculated possible swing range there will be an estimated 1.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $27.51 (0.33%) than the resistance at $27.76 (0.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is First Trust Asia Pacific Ex-Japan AlphaDEX Fund ETF A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.372 Buy Candidate Unchanged
Predicted Opening Price for First Trust Asia Pacific Ex-Japan AlphaDEX Fund of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$27.62 ( 0.0725%) | $27.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FPA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 27.90 | 1.09 % | |
R2 | 27.79 | 0.699 % | ||
R1 | 27.73 | 0.460 % | ||
Current price: | 27.60 | |||
Support | S1 | 27.51 | -0.315 % | |
S2 | 27.45 | -0.554 % | ||
S3 | 27.34 | -0.94 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 28.05 | 1.63 % | |
R2 | 27.78 | 0.652 % | ||
R1 | 27.76 | 0.580 % | ||
Current price | 27.60 | |||
Support | S1 | 27.51 | -0.326% | |
S2 | 27.29 | -1.12% | ||
S3 | 26.97 | -2.28% |
FPA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 20, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.118 | 0.428% |
2 | Dec 22, 2023 | Dec 22, 2023 | Dec 29, 2023 | $0.272 | 1.00% |
3 | Sep 21, 2023 | Sep 22, 2023 | Sep 29, 2023 | $0.181 | 0.709% |
4 | Jun 26, 2023 | Jun 27, 2023 | Jun 30, 2023 | $0.134 | 0.505% |
5 | Mar 23, 2023 | Mar 24, 2023 | Mar 31, 2023 | $0.236 | 0.88% |
FAQ
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