First Trust Brazil AlphaDEX Fund ETF Forecast

$11.19
+0.1000 (+0.90%)
At Close: Jul 12, 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 ETF after gaining 0.90%
(Updated on Jul 12, 2024)

Buy or Hold candidate since Jul 09, 2024 Gain 1.91% PDF

The First Trust Brazil AlphaDEX Fund ETF price gained 0.90% on the last trading day (Friday, 12th Jul 2024), rising from $11.09 to $11.19. It has now gained 4 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 0.90% from a day low at $11.09 to a day high of $11.19. The price has risen in 7 of the last 10 days and is up by 5.01% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 992 shares were bought and sold for approximately $11.10 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 the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $11.23 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -8.35% during the next 3 months and, with a 90% probability hold a price between $9.35 and $10.29 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

The First Trust Brazil AlphaDEX Fund ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $10.93 and $10.84. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 8.33%. 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. 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 $11.09 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 controlled movements and therefore the general risk is considered 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 $0.1000 between high and low, or 0.90%. For the last week the ETF has had daily average volatility of 0.86%.

Our recommended stop-loss: $10.84 (-3.12%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 46 days ago.)

Trading Expectations (FBZ) For The Upcoming Trading Day Of Monday 15th

For the upcoming trading day on Monday, 15th we expect First Trust Brazil AlphaDEX Fund to open at $11.16, and during the day (based on 14 day Average True Range), to move between $11.06 and $11.32, which gives a possible trading interval of +/-$0.134 (+/-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 2.40% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $11.09 (0.89%) than the resistance at $11.45 (2.32%), 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.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for First Trust Brazil AlphaDEX Fund of Monday, July 15, 2024

Fair opening price July 15, 2024 Current price
$11.16 ( 0.298%) $11.19

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 11.26 0.596%
R2 11.22 0.254%
R1 11.19 0.0435%
Price 11.19
S1 11.12 -0.639%
S2 11.09 -0.85%
S3 11.06 -1.19%

Accumulated Volume Support & Resistance Levels

Level Price
R3 11.63 3.93%
R2 11.55 3.22%
R1 11.45 2.32%
Price 11.19
S1 11.09 -0.89%
S2 11.02 -1.52%
S3 11.01 -1.61%

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 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.

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 Jul 12, 2024, the price of an First Trust Brazil AlphaDEX Fund (FBZ) share was $11.19.

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 Jul 12, 2024, the market capitalization of First Trust Brazil AlphaDEX Fund is 5.818M.
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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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