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First Trust Europe AlphaDEX Fund Fund Forecast NYSEARCA:FEP

$42.13 (1.03%)

Volume: 35k

Closed: Nov 29, 2021

Hollow Logo Score: -1.016

First Trust Europe AlphaDEX Fund Fund Forecast

$42.13 (1.03%)

Volume: 35k

Closed: Nov 29, 2021

Score Hollow Logo -1.016
Which way will FEP go? Request
Key Stats
Beta 0.81
Trailing Dividend Rate 3.44% ($1.45)
Next Dividend Date Dec 23, 2021
* 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 25 and the fund is currently not being overbought or oversold

Green day on Monday for First Trust Europe AlphaDEX Fund fund after gaining 1.03%
(Updated on Nov 29, 2021)

Sell candidate since 2021-11-17 Loss -4.14%

The First Trust Europe AlphaDEX Fund fund price gained 1.03% on the last trading day (Monday, 29th Nov 2021), rising from $41.70 to $42.13. During the day the fund fluctuated 0.82% from a day low at $41.91 to a day high of $42.26. The price has fallen in 6 of the last 10 days and is down by -4.49% for this period. Volume fell on the last day by -20 thousand shares and in total, 35 thousand shares were bought and sold for approximately $1.46 million. 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect First Trust Europe AlphaDEX Fund fund with a 90% probability to be traded between $41.04 and $43.78 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and funds seldom manage to go directly from the bottom of a trend up to the top. Funds turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, November 26, 2021, and so far it has risen 1.03%. 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 Europe AlphaDEX Fund 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 $42.86 and $43.51. 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 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.

Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Friday, November 26, 2021 and based on theory for this formation the price should go up by 7.73% to $45.39 within 36 trading days since signal was issued (Tuesday, January 18, 2022).

Support, Risk & Stop-loss

First Trust Europe AlphaDEX Fund finds support from accumulated volume at $42.10 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 $0.34 between high and low, or 0.82%. 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 Europe AlphaDEX Fund fund A Buy?

First Trust Europe 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 fund.

Current score: -1.016

Predicted Opening Price for First Trust Europe 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
$42.10 $42.13 (Overvalued)
Sell Candidate Unchanged

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

Very High
Very Low

Support & Resistance

Resistance: $43.35
Price: $42.13
Support: $42.10

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 42.44 0.74 %
42.31 0.43 %
42.23 0.24 %
Current price: 42.13
Support 41.97 -0.39 %
41.89 -0.58 %
41.75 -0.89 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 44.21 4.94 %
43.61 3.51 %
43.35 2.90 %
Current price 42.13
Support 42.10 -0.0712%
41.94 -0.45%
41.85 -0.66%

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About First Trust Europe 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) Europe Index (the "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 Europe Index (the "bas... Read more

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