First Trust Switzerland 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
Weaker technical forecast for First Trust Switzerland AlphaDEX Fund as ETF downgraded to Sell Candidate.
(Updated on Apr 26, 2024)
The First Trust Switzerland AlphaDEX Fund ETF price gained 0.0329% on the last trading day (Friday, 26th Apr 2024), rising from $60.75 to $60.77. During the last trading day the ETF fluctuated 0.165% from a day low at $60.67 to a day high of $60.77. The price has risen in 6 of the last 10 days but is still down by -0.62% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 464 more shares were traded than the day before. In total, 585 shares were bought and sold for approximately $35.55 thousand.
The ETF is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $60.55 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect First Trust Switzerland AlphaDEX Fund ETF with a 90% probability to be traded between $59.65 and $63.57 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.
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FSZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.181%. Further rise is indicated until a new top pivot has been found. First Trust Switzerland AlphaDEX Fund 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 Switzerland 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 $60.98 and $62.75. 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).
Support, Risk & Stop-loss for First Trust Switzerland AlphaDEX Fund ETF
First Trust Switzerland AlphaDEX Fund finds support from accumulated volume at $60.76 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 $0.100 between high and low, or 0.165%. For the last week the ETF has had daily average volatility of 0.453%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FSZ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect First Trust Switzerland AlphaDEX Fund to open at $60.74, and during the day (based on 14 day Average True Range), to move between $60.29 and $61.25, which gives a possible trading interval of +/-$0.476 (+/-0.78%) up or down from last closing price. If First Trust Switzerland AlphaDEX Fund takes out the full calculated possible swing range there will be an estimated 1.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $60.76 (0.02%) than the resistance at $62.19 (2.34%), 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 Switzerland AlphaDEX Fund ETF A Buy?
First Trust Switzerland AlphaDEX Fund 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: -1.661 Sell Candidate Downgraded
Predicted Opening Price for First Trust Switzerland AlphaDEX Fund of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $60.74 ( 0.0549%) | $60.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FSZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 60.84 | 0.110 % | |
| R2 | 60.80 | 0.0468 % | ||
| R1 | 60.77 | 0.0080 % | ||
| Current price: | 60.77 | |||
| Support | S1 | 60.70 | -0.118 % | |
| S2 | 60.67 | -0.157 % | ||
| S3 | 60.64 | -0.219 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 64.37 | 5.92 % | |
| R2 | 63.71 | 4.84 % | ||
| R1 | 62.19 | 2.34 % | ||
| Current price | 60.77 | |||
| Support | S1 | 60.76 | -0.0165% | |
| S2 | 60.75 | -0.0329% | ||
| S3 | 60.66 | -0.181% |
FSZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 26, 2023 | Jun 27, 2023 | Jun 30, 2023 | $1.28 | 2.13% |
| 2 | Mar 23, 2023 | Mar 24, 2023 | Mar 31, 2023 | $0.0920 | 0.151% |
| 3 | Dec 22, 2022 | Dec 23, 2022 | Dec 30, 2022 | $0.0900 | 0.164% |
| 4 | Sep 22, 2022 | Sep 23, 2022 | Sep 30, 2022 | $0.509 | 1.10% |
| 5 | Jun 23, 2022 | Jun 24, 2022 | Jun 30, 2022 | $1.32 | 2.49% |
FAQ
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