First Trust Europe AlphaDEX Fund ETF Forecast
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:
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
Red day on Wednesday for First Trust Europe AlphaDEX Fund ETF after losing 0%
(Updated on May 01, 2024)
No changes to the price of First Trust Europe AlphaDEX Fund ETF on the last trading day (Wednesday, 1st May 2024). During the last trading day the ETF fluctuated 2.63% from a day low at $36.43 to a day high of $37.39. The price has risen in 6 of the last 10 days and is up by 1.6% over the past 2 weeks.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $36.55 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 5.81% during the next 3 months and, with a 90% probability hold a price between $38.67 and $40.90 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 Tuesday, April 16, 2024, and so far it has risen 2.08%. 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 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 $37.21 and $37.22. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The ETF had a Golden Star Signal on Tuesday, July 11, 2023 in the long-term chart.
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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Tuesday, July 11, 2023 in the long-term chart.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 $36.47 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 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 ETF During the last day, the ETF moved $0.96 between high and low, or 2.63%. For the last week the ETF has had daily average volatility of 1.27%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FEP) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect First Trust Europe AlphaDEX Fund to open at $36.91, and during the day (based on 14 day Average True Range), to move between $36.47 and $37.37, which gives a possible trading interval of +/-$0.450 (+/-1.22%) 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 2.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $36.47 (1.22%) than the resistance at $37.54 (1.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is First Trust Europe AlphaDEX Fund ETF A Buy?
The First Trust Europe AlphaDEX Fund ETF holds several negative signals and despite the positive trend, we believe First Trust Europe AlphaDEX Fund will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -2.213 Sell Candidate Unchanged
Predicted Opening Price for First Trust Europe AlphaDEX Fund of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
$36.91 ( 0.0195%) | $36.92 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 37.87 | 2.58 % | |
R2 | 37.51 | 1.58 % | ||
R1 | 37.28 | 0.97 % | ||
Current price: | 36.92 | |||
Support | S1 | 36.55 | -1.01 % | |
S2 | 36.32 | -1.62 % | ||
S3 | 35.95 | -2.62 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 37.84 | 2.49 % | |
R2 | 37.81 | 2.41 % | ||
R1 | 37.54 | 1.68 % | ||
Current price | 36.92 | |||
Support | S1 | 36.47 | -1.22% | |
S2 | 36.17 | -2.04% | ||
S3 | 35.03 | -5.12% |
FEP Dividend Payout History
# | 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
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