First Trust Emerging Markets AlphaDEX ETF Forecast

$22.87
+0.0400 (+0.175%)
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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Green day on Thursday for First Trust Emerging Markets AlphaDEX ETF after gaining 0.175%
(Updated on Mar 28, 2024)

Sell candidate since Mar 27, 2024 Gain 0.18% PDF

The First Trust Emerging Markets AlphaDEX ETF price gained 0.175% on the last trading day (Thursday, 28th Mar 2024), rising from $22.83 to $22.87. During the last trading day the ETF fluctuated 0.526% from a day low at $22.82 to a day high of $22.94. The price has risen in 6 of the last 10 days but is still down by -0.91% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 46 thousand shares were bought and sold for approximately $1.05 million.

The ETF lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $22.79 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 7.03% during the next 3 months and, with a 90% probability hold a price between $24.39 and $25.37 at the end of this 3-month period.

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FEM Signals & Forecast

First Trust Emerging Markets AlphaDEX has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The First Trust Emerging Markets AlphaDEX ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $22.93 and $23.04. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -2.26%. 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).

Support, Risk & Stop-loss for First Trust Emerging Markets AlphaDEX ETF

First Trust Emerging Markets AlphaDEX finds support from accumulated volume at $22.39 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 $0.120 between high and low, or 0.526%. For the last week the ETF has had daily average volatility of 0.531%.

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

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

For the upcoming trading day on Monday, 1st we expect First Trust Emerging Markets AlphaDEX Fund to open at $22.88, and during the day (based on 14 day Average True Range), to move between $22.68 and $23.06, which gives a possible trading interval of +/-$0.191 (+/-0.84%) up or down from last closing price. If First Trust Emerging Markets AlphaDEX Fund takes out the full calculated possible swing range there will be an estimated 1.67% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $22.90 (0.13%) than the support at $22.39 (2.10%), 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 Emerging Markets AlphaDEX Fund ETF A Buy?

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

Current score: -1.584 Sell Candidate Unchanged

Predicted Opening Price for First Trust Emerging Markets AlphaDEX Fund of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$22.88 ( 0.0292%) $22.87

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

Trading levels for FEM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 23.00 0.554 %
R2 22.95 0.353 %
R1 22.92 0.230 %
Current price: 22.87
Support S1 22.83 -0.171 %
S2 22.80 -0.295 %
S3 22.76 -0.496 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 23.34 2.06 %
R2 23.08 0.92 %
R1 22.90 0.131 %
Current price 22.87
Support S1 22.39 -2.10%
S2 22.16 -3.10%
S3 21.86 -4.42%

FEM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 20, 2024 Mar 21, 2024 Mar 28, 2024 $0.0949 0.415%
2 Dec 22, 2023 Dec 22, 2023 Dec 29, 2023 $0.0897 0.405%
3 Sep 21, 2023 Sep 22, 2023 Sep 29, 2023 $0.461 2.21%
4 Jun 26, 2023 Jun 27, 2023 Jun 30, 2023 $0.505 2.38%
5 Mar 23, 2023 Mar 24, 2023 Mar 31, 2023 $0.0430 0.203%

FAQ

What is the symbol for First Trust Emerging Markets AlphaDEX Fund ETF and on which exchange is it traded?
The symbol for First Trust Emerging Markets AlphaDEX Fund is FEM and it is traded on the NYSEARCA (NYSE Arca).

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

How to buy First Trust Emerging Markets AlphaDEX Fund ETF?
First Trust Emerging Markets 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 Emerging Markets AlphaDEX Fund ETF.

What's the current price of First Trust Emerging Markets AlphaDEX Fund ETF?
As of the end of day on the 2024-03-28, the price of an First Trust Emerging Markets AlphaDEX Fund (FEM) share was $22.87.

What is the 52-week high and low for First Trust Emerging Markets AlphaDEX Fund ETF?
The 52-week high for First Trust Emerging Markets AlphaDEX Fund ETF is $23.56 and the 52-week low is $19.54.

What is the market capitalization of First Trust Emerging Markets AlphaDEX Fund ETF?
As of the 2024-03-28, the market capitalization of First Trust Emerging Markets AlphaDEX Fund is 428.827M.
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About First Trust Emerging Markets AlphaDEX Fund

FEM was created on 04/18/11 by First Trust. The ETF tracks an index of emerging markets companies selected using a quantitative methodology and weighted in tiers.... FEM Profile

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