First Trust Brazil AlphaDEX Fund ETF Forecast

Hold candidate since Jan 15, 2025

The First Trust Brazil AlphaDEX Fund ETF price gained 3.37% on the last trading day (Wednesday, 15th Jan 2025), rising from $9.05 to $9.36. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 1.68% from a day low at $9.20 to a day high of $9.36. The price has risen in 5 of the last 10 days and is up by 3.26% over the past 2 weeks. Volume fell on the last day by -493 shares and in total, 224 shares were bought and sold for approximately $2.10 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 wide and 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 -19.01% during the next 3 months and, with a 90% probability hold a price between $7.00 and $7.75 at the end of this 3-month period. Do note, that if the ETF 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.

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FBZ Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, January 03, 2025, and so far it has risen 5.05%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The First Trust Brazil AlphaDEX Fund 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 ETF. On further gains, the ETF will meet resistance from the long-term Moving Average at $9.59. On a fall, the ETF will find some support from the short-term average at $9.12. 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. 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.

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

First Trust Brazil AlphaDEX Fund finds support from accumulated volume at $9.27 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.155 between high and low, or 1.68%. For the last week the ETF has had daily average volatility of 0.716%.

Our recommended stop-loss: $8.98 (-4.03%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (FBZ) For The Upcoming Trading Day Of Thursday 16th

For the upcoming trading day on Thursday, 16th we expect First Trust Brazil AlphaDEX Fund to open at $9.30, and during the day (based on 14 day Average True Range), to move between $9.20 and $9.51, which gives a possible trading interval of +/-$0.158 (+/-1.68%) 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 3.37% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $9.27 (0.96%) than the resistance at $9.62 (2.83%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.317 Hold/Accumulate Upgraded

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Predicted Fair Opening Price

Predicted fair opening price on January 16, 2025 - $9.30 ( 0.552%).