First Trust Asia Pacific Ex-Japan ETF Forecast
First Trust Asia Pacific Ex-Japan ETF price up 1.08% on Friday
(Updated on May 03, 2024)
The First Trust Asia Pacific Ex-Japan ETF price gained 1.08% on the last trading day (Friday, 3rd May 2024), rising from $27.26 to $27.55. During the last trading day the ETF fluctuated 0.401% from a day low at $27.44 to a day high of $27.55. The price has risen in 6 of the last 10 days and is up by 5.07% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 213 more shares were traded than the day before. In total, 292 shares were bought and sold for approximately $8.04 thousand.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect First Trust Asia Pacific Ex-Japan ETF with a 90% probability to be traded between $25.63 and $28.15 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FPA Signals & Forecast
Mostly positive signals in the chart today. The First Trust Asia Pacific Ex-Japan ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $27.09 and $27.06. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 6.70%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for First Trust Asia Pacific Ex-Japan ETF
First Trust Asia Pacific Ex-Japan finds support from accumulated volume at $27.29 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 $0.110 between high and low, or 0.401%. For the last week the ETF has had daily average volatility of 0.470%.
Our recommended stop-loss: $26.28 (-4.60%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (FPA) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect First Trust Asia Pacific Ex-Japan AlphaDEX Fund to open at $27.51, and during the day (based on 14 day Average True Range), to move between $27.22 and $27.88, which gives a possible trading interval of +/-$0.334 (+/-1.21%) up or down from last closing price. If First Trust Asia Pacific Ex-Japan AlphaDEX Fund takes out the full calculated possible swing range there will be an estimated 2.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $27.56 (0.02%) than the support at $27.29 (0.94%), 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 Asia Pacific Ex-Japan AlphaDEX Fund ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for First Trust Asia Pacific Ex-Japan ETF to perform well in the short-term period.
Current score: 2.696 Buy Candidate Unchanged
Predicted Opening Price for First Trust Asia Pacific Ex-Japan AlphaDEX Fund of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $27.51 ( 0.133%) | $27.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FPA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.62 | 0.266 % | |
| R2 | 27.58 | 0.114 % | ||
| R1 | 27.56 | 0.0194 % | ||
| Current price: | 27.55 | |||
| Support | S1 | 27.47 | -0.286 % | |
| S2 | 27.45 | -0.380 % | ||
| S3 | 27.40 | -0.532 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.05 | 1.81 % | |
| R2 | 27.76 | 0.762 % | ||
| R1 | 27.56 | 0.0181 % | ||
| Current price | 27.55 | |||
| Support | S1 | 27.29 | -0.94% | |
| S2 | 27.08 | -1.71% | ||
| S3 | 26.97 | -2.11% |
FPA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 20, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.118 | 0.428% |
| 2 | Dec 22, 2023 | Dec 22, 2023 | Dec 29, 2023 | $0.272 | 1.00% |
| 3 | Sep 21, 2023 | Sep 22, 2023 | Sep 29, 2023 | $0.181 | 0.709% |
| 4 | Jun 26, 2023 | Jun 27, 2023 | Jun 30, 2023 | $0.134 | 0.505% |
| 5 | Mar 23, 2023 | Mar 24, 2023 | Mar 31, 2023 | $0.236 | 0.88% |
FAQ
Click here for our free guide on how to buy First Trust Asia Pacific Ex-Japan AlphaDEX Fund ETF.
