First Trust Brazil AlphaDEX Fund ETF Forecast

$11.44
-0.0150 (-0.131%)
At Close: May 24, 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.
AI Analysis of FBZ
Powered by GPT-4o
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Red day on Friday for First Trust Brazil AlphaDEX Fund
(Updated on May 24, 2024)

Sell candidate since May 21, 2024 Loss -3.22% PDF

The First Trust Brazil AlphaDEX Fund ETF price fell by -0.131% on the last day (Friday, 24th May 2024) from $11.45 to $11.44. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.568% from a day low at $11.44 to a day high of $11.50. The price has risen in 6 of the last 10 days but is still down by -0.13% for this period. 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 -472 shares and in total, 3 thousand shares were bought and sold for approximately $36.50 thousand.

The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -5.50% during the next 3 months and, with a 90% probability hold a price between $10.23 and $11.06 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

FBZ Signals & Forecast

There are few to no technical positive signals at the moment. The First Trust Brazil 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 $11.67 and $11.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -3.54%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

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

First Trust Brazil AlphaDEX Fund finds support from accumulated volume at $11.33 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 $0.0650 between high and low, or 0.568%. For the last week the ETF has had daily average volatility of 0.393%

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

Trading Expectations (FBZ) For The Upcoming Trading Day Of Tuesday 28th

For the upcoming trading day on Tuesday, 28th we expect First Trust Brazil AlphaDEX Fund to open at $11.46, and during the day (based on 14 day Average True Range), to move between $11.30 and $11.57, which gives a possible trading interval of +/-$0.138 (+/-1.20%) up or down from last closing price. If First Trust Brazil AlphaDEX Fund takes out the full calculated possible swing range there will be an estimated 2.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $11.33 (0.92%) than the resistance at $11.85 (3.63%), 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 Brazil AlphaDEX Fund ETF A Buy?

First Trust Brazil AlphaDEX Fund holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.

Current score: -4.055 Sell Candidate Unchanged

Predicted Opening Price for First Trust Brazil AlphaDEX Fund of Tuesday, May 28, 2024

Fair opening price May 28, 2024 Current price
$11.46 ( 0.189%) $11.44

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

Trading levels for FBZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 11.52 0.758 %
R2 11.50 0.541 %
R1 11.48 0.407 %
Current price: 11.44
Support S1 11.43 -0.0277 %
S2 11.42 -0.162 %
S3 11.39 -0.379 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 12.15 6.25 %
R2 12.13 6.08 %
R1 11.85 3.63 %
Current price 11.44
Support S1 11.33 -0.92%
S2 11.21 -1.97%
S3 11.11 -2.86%

FBZ Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 21, 2024 Mar 21, 2024 Mar 28, 2024 $0.0599 0.493%
2 Sep 21, 2023 Sep 22, 2023 Sep 29, 2023 $0.0940 0.93%
3 Jun 26, 2023 Jun 27, 2023 Jun 30, 2023 $0.344 3.12%
4 Mar 23, 2023 Mar 24, 2023 Mar 31, 2023 $0.609 6.30%
5 Dec 22, 2022 Dec 23, 2022 Dec 30, 2022 $0.102 0.97%

FAQ

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

Should I buy or sell First Trust Brazil AlphaDEX Fund ETF?
First Trust Brazil AlphaDEX Fund holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.

How to buy First Trust Brazil AlphaDEX Fund ETF?
First Trust Brazil 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 Brazil AlphaDEX Fund ETF.

What's the current price of First Trust Brazil AlphaDEX Fund ETF?
As of the end of day on the May 24, 2024, the price of an First Trust Brazil AlphaDEX Fund (FBZ) share was $11.44.

What is the 52-week high and low for First Trust Brazil AlphaDEX Fund ETF?
The 52-week high for First Trust Brazil AlphaDEX Fund ETF is $12.33 and the 52-week low is $9.61.

What is the market capitalization of First Trust Brazil AlphaDEX Fund ETF?
As of the May 24, 2024, the market capitalization of First Trust Brazil AlphaDEX Fund is 6.128M.
Click to get the best stock tips daily for free!

About First Trust Brazil AlphaDEX Fund

FBZ was created on 04/18/11 by First Trust. The ETF tracks an index weighted in tiers and selected based on a proprietary methodology.... FBZ Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT