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First Trust Developed Markets Ex-US Fund Forecast NYSEARCA:FDT

$59.26 (-0.33%)

Volume: 10k

Closed: Dec 03, 2021

Hollow Logo Score: -0.471

First Trust Developed Markets Ex-US Fund Forecast

$59.26 (-0.33%)

Volume: 10k

Closed: Dec 03, 2021

Score Hollow Logo -0.471
Which way will FDT go? Request

FDT Fund Risk

In general the fund 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 fund. During the last day, the fund moved $0.91 between high and low, or 1.55%. For the last week the fund has had a daily average volatility of 1.58%.

Our recommended stop-loss: $55.53 (-6.29%) (This fund has low daily movements and this gives low risk. Low RSI14 is 20 which reduces the risk some. There is a buy signal from a pivot bottom found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] The First Trust Developed Markets Ex-US fund currently holds an RSI14 at 20 and is oversold on RSI14. The fund being oversold is no guarantee for instant reaction up as some funds may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

First Trust Developed Markets Ex-US fund upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Dec 03, 2021)


Hold candidate since 2021-12-03

The First Trust Developed Markets Ex-US fund price fell by -0.33% on the last day (Friday, 3rd Dec 2021) from $59.46 to $59.26. During the day the fund fluctuated 1.55% from a day low at $58.97 to a day high of $59.88. The price has fallen in 8 of the last 10 days and is down by -4.14% for this period. Volume fell on the last day along with the fund, which is actually a good sign as volume should follow the fund. On the last day, the trading volume fell by -37 thousand shares and in total, 10 thousand shares were bought and sold for approximately $566.82 thousand.

The fund 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 $58.66 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the fund is expected to fall -4.38% during the next 3 months and, with a 90% probability hold a price between $56.09 and $59.39 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 0.87%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The First Trust Developed Markets Ex-US fund 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 $59.53 and $61.65. A break-up above any of these levels will issue buy signals. 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 fund may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss

First Trust Developed Markets Ex-US finds support from accumulated volume at $59.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund 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 fund. During the last day, the fund moved $0.91 between high and low, or 1.55%. For the last week the fund has had a daily average volatility of 1.58%.

First Trust Developed Markets Ex-US is oversold on RSI14 (20). Some funds may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $55.53 (-6.29%) (This fund has low daily movements and this gives low risk. Low RSI14 is 20 which reduces the risk some. There is a buy signal from a pivot bottom found 2 days ago.)

Is First Trust Developed Markets Ex-US AlphaDEX Fund fund A Buy?

First Trust Developed Markets Ex-US holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 fund since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.471

Predicted Opening Price for First Trust Developed Markets Ex-US AlphaDEX Fund of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$59.37 $59.26 (Undervalued)
Hold/Accumulate Upgraded

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Volatility and Risk
Daily Average Volatility: 1.58 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.58 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $59.74
Price: $59.26
Support: $59.18

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 60.28 1.72 %
59.93 1.14 %
59.72 0.77 %
Current price: 59.26
Support 59.02 -0.40 %
58.80 -0.77 %
58.46 -1.36 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 61.36 3.54 %
61.19 3.26 %
59.74 0.81 %
Current price 59.26
Support 59.18 -0.13%
58.75 -0.86%
0 .

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About First Trust Developed Markets Ex-US AlphaDEX Fund

The investment seeks results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ AlphaDEX(R) Developed Markets Ex-US Index. The fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks and/or depositary receipts that comprise the index. The index is designed to select stocks from the NASDAQ Developed Markets Ex-US Index ... Read more

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