First Trust Emerging Markets Small Cap ETF Forecast

Stronger technical forecast for First Trust Emerging Markets Small Cap ETF price after Wednesday trading.
(Updated on Apr 24, 2024)

FEMS Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.39%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The First Trust Emerging Markets Small Cap ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $38.91. On a fall, the ETF will find some support from the short-term average at $38.24. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 Small Cap ETF

First Trust Emerging Markets Small Cap finds support from accumulated volume at $38.37 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 $0.380 between high and low, or 0.99%. For the last week the ETF has had daily average volatility of 1.01%.

Our recommended stop-loss: $36.34 (-5.73%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (FEMS) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect First Trust Emerging Markets Small Cap AlphaDEX Fund to open at $38.49, and during the day (based on 14 day Average True Range), to move between $38.06 and $39.04, which gives a possible trading interval of +/-$0.489 (+/-1.27%) up or down from last closing price. If First Trust Emerging Markets Small Cap AlphaDEX Fund takes out the full calculated possible swing range there will be an estimated 2.54% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $38.71 (0.42%) than the support at $38.37 (0.47%), 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 Small Cap AlphaDEX Fund ETF A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for First Trust Emerging Markets Small Cap ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.518 Buy Candidate Upgraded

Predicted Opening Price for First Trust Emerging Markets Small Cap AlphaDEX Fund of Thursday, April 25, 2024

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