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First Trust Eurozone AlphaDEX ETF Forecast NASDAQ:FEUZ

$44.48 (-0.61%)

Volume: 5k

Closed: Dec 03, 2021

Hollow Logo Score: -2.899

First Trust Eurozone AlphaDEX ETF Forecast

$44.48 (-0.61%)

Volume: 5k

Closed: Dec 03, 2021

Score Hollow Logo -2.899
Which way will FEUZ go? Request

FEUZ ETF Risk

This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.40 between high and low, or 0.91%. For the last week the ETF has had a daily average volatility of 1.04%.

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 34 and the ETF is currently not being overbought or oversold

First Trust Eurozone AlphaDEX ETF downgraded to Sell Candidate
(Updated on Dec 03, 2021)


Sell candidate since 2021-12-03

The First Trust Eurozone AlphaDEX ETF price fell by -0.61% on the last day (Friday, 3rd Dec 2021) from $44.75 to $44.48. During the day the ETF fluctuated 0.91% from a day low at $44.33 to a day high of $44.73. The price has fallen in 7 of the last 10 days and is down by -5.87% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -181 shares and in total, 5 thousand shares were bought and sold for approximately $208.10 thousand.

The ETF 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 $44.34 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -2.22% during the next 3 months and, with a 90% probability hold a price between $43.36 and $47.61 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 0.22%. 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 Eurozone AlphaDEX 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 $44.72 and $47.01. 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 ETF may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss

First Trust Eurozone AlphaDEX finds support from accumulated volume at $44.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.40 between high and low, or 0.91%. For the last week the ETF has had a daily average volatility of 1.04%.

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

Is First Trust Eurozone AlphaDEX ETF ETF A Buy?

First Trust Eurozone 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 ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.899

Predicted Opening Price for First Trust Eurozone AlphaDEX ETF 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
$44.51 $44.48 (Undervalued)
Sell Candidate Downgraded

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Volatility and Risk
Daily Average Volatility: 1.04 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.04 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $46.01
Price: $44.48
Support: $44.46

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 44.92 0.99 %
44.76 0.64 %
44.67 0.42 %
Current price: 44.48
Support 44.36 -0.27 %
44.26 -0.49 %
44.11 -0.83 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 47.24 6.21 %
46.43 4.38 %
46.01 3.45 %
Current price 44.48
Support 44.46 -0.0317%
44.38 -0.22%
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About First Trust Eurozone AlphaDEX ETF

The investment seeks investment results that correspond generally to the price and yield of an index called the NASDAQ AlphaDEX(R) Eurozone Index. The fund will normally invest at least 90% of its net assets in common stocks and/or depositary receipts that comprise the index. The index is designed to select stocks from the NASDAQ Eurozone Index that may generate positive alpha, or risk-adjusted returns, relative to traditional passive-style indi... Read more

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