First Trust Developed Markets Ex-US ETF Forecast

$56.12
-0.120 (-0.213%)
At Close: Mar 28, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Weaker technical forecast for First Trust Developed Markets Ex-US as ETF downgraded to Buy Candidate.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 09, 2024 Gain 7.70% PDF

The First Trust Developed Markets Ex-US ETF price fell by -0.213% on the last day (Thursday, 28th Mar 2024) from $56.24 to $56.12. During the last trading day the ETF fluctuated 1.90% from a day low at $55.34 to a day high of $56.39. The price has risen in 6 of the last 10 days and is up by 2.09% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -28 thousand shares and in total, 30 thousand shares were bought and sold for approximately $1.68 million.

The ETF lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $56.32 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 9.13% during the next 3 months and, with a 90% probability hold a price between $58.81 and $61.46 at the end of this 3-month period.

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FDT Signals & Forecast

The First Trust Developed Markets Ex-US ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $55.96 and $54.23. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -0.213%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for First Trust Developed Markets Ex-US ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $52.52 and $52.17. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, First Trust Developed Markets Ex-US finds support just below today's level at $52.52. If this is broken, then the next support from accumulated volume will be at $52.17 and $52.10.

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 $1.05 between high and low, or 1.90%. For the last week the ETF has had daily average volatility of 0.93%.

Our recommended stop-loss: $54.04 (-3.70%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (FDT) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect First Trust Developed Markets Ex-US AlphaDEX Fund to open at $55.95, and during the day (based on 14 day Average True Range), to move between $55.55 and $56.69, which gives a possible trading interval of +/-$0.574 (+/-1.02%) up or down from last closing price. If First Trust Developed Markets Ex-US AlphaDEX Fund takes out the full calculated possible swing range there will be an estimated 2.05% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $56.24 (0.21%) than the support at $52.52 (6.41%), 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 Developed Markets Ex-US AlphaDEX Fund ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for First Trust Developed Markets Ex-US ETF to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 1.459 Buy Candidate Downgraded

Predicted Opening Price for First Trust Developed Markets Ex-US AlphaDEX Fund of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$55.95 ( 0.304%) $56.12

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

Trading levels for FDT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 57.00 1.57 %
R2 56.60 0.85 %
R1 56.35 0.411 %
Current price: 56.12
Support S1 55.55 -1.02 %
S2 55.30 -1.46 %
S3 54.90 -2.17 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 56.24 0.214 %
Current price 56.12
Support S1 52.52 -6.41%
S2 52.17 -7.04%
S3 52.10 -7.16%

FDT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 21, 2024 Mar 21, 2024 Mar 28, 2024 $0.196 0.350%
2 Dec 22, 2023 Dec 22, 2023 Dec 29, 2023 $0.93 1.77%
3 Sep 21, 2023 Sep 22, 2023 Sep 29, 2023 $0.276 0.549%
4 Jun 26, 2023 Jun 27, 2023 Jun 30, 2023 $0.88 1.71%
5 Mar 23, 2023 Mar 24, 2023 Mar 31, 2023 $0.205 0.404%

FAQ

What is the symbol for First Trust Developed Markets Ex-US AlphaDEX Fund ETF and on which exchange is it traded?
The symbol for First Trust Developed Markets Ex-US AlphaDEX Fund is FDT and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell First Trust Developed Markets Ex-US AlphaDEX Fund ETF?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for First Trust Developed Markets Ex-US ETF to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Strong Buy to a Buy candidate.

How to buy First Trust Developed Markets Ex-US AlphaDEX Fund ETF?
First Trust Developed Markets Ex-US AlphaDEX Fund ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy First Trust Developed Markets Ex-US AlphaDEX Fund ETF.

What's the current price of First Trust Developed Markets Ex-US AlphaDEX Fund ETF?
As of the end of day on the 2024-03-28, the price of an First Trust Developed Markets Ex-US AlphaDEX Fund (FDT) share was $56.12.

What is the 52-week high and low for First Trust Developed Markets Ex-US AlphaDEX Fund ETF?
The 52-week high for First Trust Developed Markets Ex-US AlphaDEX Fund ETF is $56.39 and the 52-week low is $46.90.

What is the market capitalization of First Trust Developed Markets Ex-US AlphaDEX Fund ETF?
As of the 2024-03-28, the market capitalization of First Trust Developed Markets Ex-US AlphaDEX Fund is 406.24M.
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About First Trust Developed Markets Ex-US AlphaDEX Fund

FDT was created on 04/18/11 by First Trust. The ETF tracks an index of international, developed-market stocks, selected by growth and value factors and equal-weighted in tiers.... FDT Profile

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