First Trust Europe AlphaDEX Fund ETF Forecast

$37.83
+0.220 (+0.585%)
At Close: Jun 18, 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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Stronger technical forecast for First Trust Europe AlphaDEX Fund ETF price after Tuesday trading.
(Updated on Jun 18, 2024)

Hold candidate since Jun 18, 2024 PDF

The First Trust Europe AlphaDEX Fund ETF price gained 0.585% on the last trading day (Tuesday, 18th Jun 2024), rising from $37.61 to $37.83. During the last trading day the ETF fluctuated 0.692% from a day low at $37.59 to a day high of $37.85. The price has been going up and down for this period, and there has been a -3.4% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 57 thousand more shares were traded than the day before. In total, 66 thousand shares were bought and sold for approximately $2.49 million.

The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 5.73% during the next 3 months and, with a 90% probability hold a price between $39.24 and $42.54 at the end of this 3-month period.

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FEP Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 2.11%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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 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 $38.07 and $38.70. 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). The ETF had a Golden Star Signal on Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, July 11, 2023.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Buy
Special Signal Notification

Golden Star

The ETF had a Golden Star Signal on Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, July 11, 2023.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Buy
Special Signal Notification

Golden Star 12 Months

The ETF had a Golden Star Signal on Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, July 11, 2023.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for First Trust Europe AlphaDEX Fund ETF

First Trust Europe AlphaDEX Fund finds support from accumulated volume at $37.81 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.260 between high and low, or 0.692%. For the last week the ETF has had daily average volatility of 1.18%.

Our recommended stop-loss: $35.64 (-5.78%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)

Trading Expectations (FEP) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect First Trust Europe AlphaDEX Fund to open at $37.76, and during the day (based on 14 day Average True Range), to move between $37.31 and $38.35, which gives a possible trading interval of +/-$0.525 (+/-1.39%) up or down from last closing price. If First Trust Europe AlphaDEX Fund takes out the full calculated possible swing range there will be an estimated 2.77% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $37.84 (0.03%) than the support at $37.81 (0.05%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is First Trust Europe AlphaDEX Fund ETF A Buy?

First Trust Europe AlphaDEX Fund 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 ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.153 Hold/Accumulate Upgraded

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

Fair opening price June 20, 2024 Current price
$37.76 ( 0.194%) $37.83

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

Trading levels for FEP

Fibonacci Support & Resistance Levels

Level Price
R3 38.02 0.493%
R2 37.92 0.231%
R1 37.86 0.0687%
Price 37.83
S1 37.66 -0.456%
S2 37.60 -0.619%
S3 37.50 -0.88%

Accumulated Volume Support & Resistance Levels

Level Price
R3 38.86 2.72%
R2 38.71 2.33%
R1 37.84 0.0264%
Price 37.83
S1 37.81 -0.0529%
S2 37.54 -0.761%
S3 36.92 -2.41%

FEP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 20, 2024 Mar 21, 2024 Mar 28, 2024 $0.285 0.759%
2 Dec 22, 2023 Dec 22, 2023 Dec 29, 2023 $0.201 0.555%
3 Sep 21, 2023 Sep 22, 2023 Sep 29, 2023 $0.101 0.306%
4 Jun 26, 2023 Jun 27, 2023 Jun 30, 2023 $0.86 2.49%
5 Mar 23, 2023 Mar 24, 2023 Mar 31, 2023 $0.0290 0.0834%

FAQ

What is the symbol for First Trust Europe AlphaDEX Fund ETF and on which exchange is it traded?
The symbol for First Trust Europe AlphaDEX Fund is FEP and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell First Trust Europe AlphaDEX Fund ETF?
First Trust Europe AlphaDEX Fund 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 ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy First Trust Europe AlphaDEX Fund ETF?
First Trust Europe 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 Europe AlphaDEX Fund ETF.

What's the current price of First Trust Europe AlphaDEX Fund ETF?
As of the end of day on the Jun 18, 2024, the price of an First Trust Europe AlphaDEX Fund (FEP) share was $37.83.

What is the 52-week high and low for First Trust Europe AlphaDEX Fund ETF?
The 52-week high for First Trust Europe AlphaDEX Fund ETF is $39.86 and the 52-week low is $30.77.

What is the market capitalization of First Trust Europe AlphaDEX Fund ETF?
As of the Jun 18, 2024, the market capitalization of First Trust Europe AlphaDEX Fund is 226.687M.
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About First Trust Europe AlphaDEX Fund

FEP was created on 04/18/11 by First Trust. The ETF tracks a tiered equal-weighted index of 200 companies selected from the S&P Europe BMI based on the S&P's AlphaDex selection methodology.... FEP Profile

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