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First Trust Germany AlphaDEX Fund Fund Forecast NYSEARCA:FGM

$54.01 (0.34%)

Volume: 1k

Closed: Dec 08, 2021

Hollow Logo Score: -1.376

First Trust Germany AlphaDEX Fund Fund Forecast

$54.01 (0.34%)

Volume: 1k

Closed: Dec 08, 2021

Score Hollow Logo -1.376
Which way will FGM go? Request

FGM Fund Risk

This fund has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the fund moved $0.62 between high and low, or 1.16%. For the last week the fund has had a daily average volatility of 0.88%.

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 33 and the fund is currently not being overbought or oversold

First Trust Germany AlphaDEX Fund fund downgraded to Sell Candidate
(Updated on Dec 08, 2021)


Sell candidate since 2021-12-07 Gain 0.34%

The First Trust Germany AlphaDEX Fund fund price gained 0.34% on the last trading day (Wednesday, 8th Dec 2021), rising from $53.83 to $54.01. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the fund fluctuated 1.16% from a day low at $53.63 to a day high of $54.25. The price has fallen in 7 of the last 10 days and is down by -1.47% for this period. Volume fell on the last day by -3 thousand shares and in total, 1 thousand shares were bought and sold for approximately $69.94 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 middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the fund is expected to fall -4.92% during the next 3 months and, with a 90% probability hold a price between $49.45 and $53.27 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

There are mixed signals in the fund today. The First Trust Germany AlphaDEX Fund fund holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the fund giving a more negative forecast for the stock. On further gains, the fund will meet resistance from the long-term moving average at $55.37. On a fall, the fund will find some support from the short-term average at $52.95. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, December 03, 2021, and so far it has risen 3.57%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss

First Trust Germany AlphaDEX Fund finds support from accumulated volume at $53.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This fund has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the fund moved $0.62 between high and low, or 1.16%. For the last week the fund has had a daily average volatility of 0.88%.

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

Is First Trust Germany AlphaDEX Fund fund A Buy?

First Trust Germany AlphaDEX Fund holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this fund. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this fund since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.376

Predicted Opening Price for First Trust Germany AlphaDEX Fund of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$53.96 $54.01 (Overvalued)
Sell Candidate Downgraded

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Volatility and Risk
Daily Average Volatility: 0.88 %
Overall Risk: Very High High Medium Low Very Low
Volatility
0.88 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $54.79
Price: $54.01
Support: $53.83

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 54.58 1.06 %
54.35 0.62 %
54.20 0.35 %
Current price: 54.01
Support 53.73 -0.52 %
53.58 -0.80 %
53.34 -1.23 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 56.14 3.94 %
56.04 3.76 %
54.79 1.44 %
Current price 54.01
Support 53.83 -0.34%
52.91 -2.04%
52.61 -2.60%

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About First Trust Germany 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) Germany 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 Germany Index (the "base index") th... Read more

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