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First Trust Emerging Markets AlphaDEX Fund Forecast NYSEARCA:FEM

$24.90 (0.48%)

Volume: 39k

Closed: Nov 29, 2021

Hollow Logo Score: -2.242

First Trust Emerging Markets AlphaDEX Fund Forecast

$24.90 (0.48%)

Volume: 39k

Closed: Nov 29, 2021

Score Hollow Logo -2.242
Which way will FEM go? Request

FEM Fund Risk

In general the fund tends to have very controlled movements and therefore the general risk is considered very 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 $0.26 between high and low, or 1.05%. For the last week the fund has had a daily average volatility of 0.89%

Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.

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 ] RSI14 is 30 and the fund is currently not being overbought or oversold

Green day on Monday for First Trust Emerging Markets AlphaDEX fund after gaining 0.48%
(Updated on Nov 29, 2021)


Sell candidate since 2021-11-18 Loss -2.20%

The First Trust Emerging Markets AlphaDEX fund price gained 0.48% on the last trading day (Monday, 29th Nov 2021), rising from $24.78 to $24.90. During the day the fund fluctuated 1.05% from a day low at $24.83 to a day high of $25.09. The price has fallen in 5 of the last 10 days and is down by -4.49% for this period. Volume fell on the last day by -141 thousand shares and in total, 39 thousand shares were bought and sold for approximately $977.65 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 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 $24.73 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the fund is expected to fall -10.86% during the next 3 months and, with a 90% probability hold a price between $22.04 and $23.57 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.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, November 26, 2021, and so far it has risen 0.48%. 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 Emerging Markets AlphaDEX 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 $25.26 and $26.17. A break-up above any of these levels will issue buy signals. 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 also not.

Support, Risk & Stop-loss

First Trust Emerging Markets AlphaDEX finds support from accumulated volume at $24.78 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 very controlled movements and therefore the general risk is considered very 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 $0.26 between high and low, or 1.05%. For the last week the fund has had a daily average volatility of 0.89%

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is First Trust Emerging Markets AlphaDEX Fund fund A Buy?

First Trust Emerging Markets AlphaDEX 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 fund.

Current score: -2.242

Predicted Opening Price for First Trust Emerging Markets AlphaDEX Fund of Tuesday, November 30, 2021

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

Fair opening price November 30, 2021 Current price
$24.94 $24.90 (Undervalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 0.89 %
Overall Risk: Very High High Medium Low Very Low
Volatility
0.89 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $26.45
Price: $24.90
Support: $24.78

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 25.20 1.20 %
25.10 0.81 %
25.04 0.56 %
Current price: 24.90
Support 24.84 -0.24 %
24.78 -0.48 %
24.68 -0.88 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 26.96 8.27 %
26.77 7.51 %
26.45 6.22 %
Current price 24.90
Support 24.78 -0.48%
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About First Trust Emerging Markets AlphaDEX Fund

The investment seeks investment 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) Emerging Markets 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 Emerging Markets Index (th... Read more

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