First Trust Brazil AlphaDEX Fund ETF Forecast

$10.45
-0.0100 (-0.0956%)
At Close: Jun 18, 2024

Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

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
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Red day on Tuesday for First Trust Brazil AlphaDEX Fund ETF after losing 0.0956%
(Updated on Jun 18, 2024)

Sell candidate since Jun 14, 2024 Loss -0.85% PDF

The First Trust Brazil AlphaDEX Fund ETF price fell by -0.0956% on the last day (Tuesday, 18th Jun 2024) from $10.46 to $10.45. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.201% from a day low at $10.45 to a day high of $10.47. The price has fallen in 6 of the last 10 days and is down by -4.13% 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 -3 thousand shares and in total, 328 shares were bought and sold for approximately $3.43 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 -10.44% during the next 3 months and, with a 90% probability hold a price between $9.17 and $10.06 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.

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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. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $10.58 and $11.27. 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 -11.85%. 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

There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.

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 $0.0210 between high and low, or 0.201%. For the last week the ETF has had daily average volatility of 0.746%.

First Trust Brazil AlphaDEX Fund is oversold on RSI14 (22). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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 Thursday 20th

For the upcoming trading day on Thursday, 20th we expect First Trust Brazil AlphaDEX Fund to open at $10.46, and during the day (based on 14 day Average True Range), to move between $10.32 and $10.58, which gives a possible trading interval of +/-$0.135 (+/-1.29%) 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 2.58% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $11.01, some $0.560 (5.36%) from the current price of $10.45, our system finds the risk reward not very attractive.

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: -2.768 Sell Candidate Unchanged

Predicted Opening Price for First Trust Brazil AlphaDEX Fund of Thursday, June 20, 2024

Fair opening price June 20, 2024 Current price
$10.46 ( 0.0670%) $10.45

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 10.48 0.268%
R2 10.47 0.191%
R1 10.47 0.144%
Price 10.45
S1 10.45 -0.0098%
S2 10.44 -0.0572%
S3 10.44 -0.134%

Accumulated Volume Support & Resistance Levels

Level Price
R3 12.15 16.27%
R2 11.85 13.40%
R1 11.01 5.36%
Price 10.45
S1 0 -
S2 0 -
S3 0 -

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 Jun 18, 2024, the price of an First Trust Brazil AlphaDEX Fund (FBZ) share was $10.45.

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 18, 2024, the market capitalization of First Trust Brazil AlphaDEX Fund is 5.998M.
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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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