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First Trust Brazil AlphaDEX Fund ETF Forecast

$10.56
+0.110 (+1.05%)
At Close: Jun 21, 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 Friday for First Trust Brazil AlphaDEX Fund
(Updated on Jun 21, 2024)

Sell candidate since Jun 14, 2024 Gain 0.19% PDF

The First Trust Brazil AlphaDEX Fund ETF price gained 1.05% on the last trading day (Friday, 21st Jun 2024), rising from $10.45 to $10.56. During the last trading day the ETF fluctuated 1.05% from a day low at $10.52 to a day high of $10.63. The price has fallen in 6 of the last 10 days and is down by -4.52% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 374 more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $18.40 thousand.

The ETF lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $10.41 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -10.49% during the next 3 months and, with a 90% probability hold a price between $9.32 and $10.17 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.

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FBZ Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 1.05%. Further rise is indicated until a new top pivot has been found. First Trust Brazil AlphaDEX Fund 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. The very low volume increases the risk and reduces the other technical signals issued. 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 stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $11.23. On a fall, the ETF will find some support from the short-term average at $10.52. 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 Brazil AlphaDEX Fund ETF

First Trust Brazil AlphaDEX Fund finds support from accumulated volume at $10.54 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 and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.110 between high and low, or 1.05%. For the last week, the ETF has had daily average volatility of 0.81%.

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 Monday 24th

For the upcoming trading day on Monday, 24th we expect First Trust Brazil AlphaDEX Fund to open at $10.57, and during the day (based on 14 day Average True Range), to move between $10.43 and $10.69, which gives a possible trading interval of +/-$0.133 (+/-1.26%) 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 2.53% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $10.54 (0.19%) than the resistance at $11.01 (4.26%), 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 we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

Current score: -1.842 Sell Candidate Unchanged

Predicted Opening Price for First Trust Brazil AlphaDEX Fund of Monday, June 24, 2024

Fair opening price June 24, 2024 Current price
$10.57 ( 0.0947%) $10.56

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
R3 10.68 1.14%
R2 10.64 0.738%
R1 10.61 0.493%
Price 10.56
S1 10.53 -0.303%
S2 10.50 -0.549%
S3 10.46 -0.95%

Accumulated Volume Support & Resistance Levels

Level Price
R3 12.15 15.06%
R2 11.85 12.22%
R1 11.01 4.26%
Price 10.56
S1 10.54 -0.189%
S2 10.46 -0.95%
S3 10.45 -1.04%

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 we believe that 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 Jun 21, 2024, the price of an First Trust Brazil AlphaDEX Fund (FBZ) share was $10.56.

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 Jun 21, 2024, the market capitalization of First Trust Brazil AlphaDEX Fund is 6.067M.
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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

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