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First Trust Asia Pacific Ex-Japan Fund Forecast NYSEARCA:FPA

$31.10 (1.31%)

Volume: 1k

Closed: Dec 03, 2021

Hollow Logo Score: -0.693

First Trust Asia Pacific Ex-Japan Fund Forecast

$31.10 (1.31%)

Volume: 1k

Closed: Dec 03, 2021

Score Hollow Logo -0.693
Which way will FPA go? Request

FPA Fund Risk

In general the fund tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the fund moved $0.0800 between high and low, or 0.26%. For the last week the fund has had a daily average volatility of 0.75%.

Our recommended stop-loss: $29.26 (-5.91%) (This fund has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

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 31 and the fund is currently not being overbought or oversold

First Trust Asia Pacific Ex-Japan fund upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Dec 03, 2021)


Hold candidate since 2021-12-03

The First Trust Asia Pacific Ex-Japan fund price gained 1.31% on the last trading day (Friday, 3rd Dec 2021), rising from $30.70 to $31.10. During the day the fund fluctuated 0.26% from a day low at $31.10 to a day high of $31.18. The price has been going up and down for this period, and there has been a -2.57% 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, 1 thousand more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately $35.33 thousand.

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 -6.82% during the next 3 months and, with a 90% probability hold a price between $28.53 and $30.26 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

A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 1.31%. Further rise is indicated until a new top pivot has been found. First Trust Asia Pacific Ex-Japan has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The First Trust Asia Pacific Ex-Japan 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 $32.19. On a fall, the fund will find some support from the short-term average at $31.07. 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).

Support, Risk & Stop-loss

First Trust Asia Pacific Ex-Japan finds support from accumulated volume at $30.91 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 with good liquidity the risk is considered very low in this stock. During the last day, the fund moved $0.0800 between high and low, or 0.26%. For the last week the fund has had a daily average volatility of 0.75%.

Our recommended stop-loss: $29.26 (-5.91%) (This fund has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Is First Trust Asia Pacific Ex-Japan AlphaDEX Fund fund A Buy?

First Trust Asia Pacific Ex-Japan holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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 fund since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.693

Predicted Opening Price for First Trust Asia Pacific Ex-Japan AlphaDEX Fund 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
$31.13 $31.10 (Undervalued)
Hold/Accumulate Upgraded

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Volatility and Risk
Daily Average Volatility: 0.75 %
Overall Risk: Very High High Medium Low Very Low
Volatility
0.75 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $32.23
Price: $31.10
Support: $30.91

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 31.21 0.34 %
31.18 0.24 %
31.16 0.18 %
Current price: 31.10
Support 31.10 -0.0125 %
31.08 -0.0732 %
31.05 -0.17 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 34.31 10.32 %
33.30 7.09 %
32.23 3.63 %
Current price 31.10
Support 30.91 -0.61%
30.79 -1.00%
30.70 -1.29%

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About First Trust Asia Pacific Ex-Japan AlphaDEX Fund

The investment seeks 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) Asia Pacific ex-Japan 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 Asia Pacific ex-Japan Index that... Read more

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