First Trust Large Cap Value AlphaDEX ETF Forecast
First Trust Large Cap Value AlphaDEX ETF price down 0.538% on Tuesday
(Updated on May 28, 2024)
The First Trust Large Cap Value AlphaDEX ETF price fell by -0.538% on the last day (Tuesday, 28th May 2024) from $74.33 to $73.93. During the last trading day the ETF fluctuated 0.91% from a day low at $73.83 to a day high of $74.50. The price has risen in 6 of the last 10 days but is still down by -1.63% for this period. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 25 thousand shares were bought and sold for approximately $1.86 million.
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 Large Cap Value AlphaDEX ETF with a 90% probability to be traded between $74.08 and $78.40 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.
FTA Signals & Forecast
There are few to no technical positive signals at the moment. The First Trust Large Cap Value AlphaDEX ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $74.96 and $74.32. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -2.62%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for First Trust Large Cap Value AlphaDEX ETF
First Trust Large Cap Value AlphaDEX finds support from accumulated volume at $73.56 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 $0.670 between high and low, or 0.91%. For the last week the ETF has had daily average volatility of 0.758%.
Our recommended stop-loss: $71.25 (-3.63%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 29 days ago.)
Trading Expectations (FTA) For The Upcoming Trading Day Of Wednesday 29th
For the upcoming trading day on Wednesday, 29th we expect First Trust Large Cap Value AlphaDEX Fund to open at $74.09, and during the day (based on 14 day Average True Range), to move between $73.36 and $74.50, which gives a possible trading interval of +/-$0.570 (+/-0.77%) up or down from last closing price. If First Trust Large Cap Value AlphaDEX Fund takes out the full calculated possible swing range there will be an estimated 1.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $73.56 (0.51%) than the resistance at $75.03 (1.48%), 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 Large Cap Value AlphaDEX Fund ETF A Buy?
First Trust Large Cap Value AlphaDEX holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.376 Hold/Accumulate Unchanged
Predicted Opening Price for First Trust Large Cap Value AlphaDEX Fund of Wednesday, May 29, 2024
| Fair opening price May 29, 2024 | Current price |
|---|---|
| $74.09 ( 0.208%) | $73.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FTA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 74.76 | 1.11 % | |
| R2 | 74.50 | 0.768 % | ||
| R1 | 74.34 | 0.554 % | ||
| Current price: | 73.93 | |||
| Support | S1 | 73.83 | -0.138 % | |
| S2 | 73.67 | -0.352 % | ||
| S3 | 73.42 | -0.698 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 76.00 | 2.79 % | |
| R2 | 75.13 | 1.62 % | ||
| R1 | 75.03 | 1.48 % | ||
| Current price | 73.93 | |||
| Support | S1 | 73.56 | -0.511% | |
| S2 | 73.11 | -1.11% | ||
| S3 | 72.24 | -2.29% |
FTA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.309 | 0.405% |
| 2 | Dec 22, 2023 | Dec 22, 2023 | Dec 29, 2023 | $0.490 | 0.692% |
| 3 | Sep 21, 2023 | Sep 22, 2023 | Sep 29, 2023 | $0.412 | 0.636% |
| 4 | Jun 26, 2023 | Jun 27, 2023 | Jun 30, 2023 | $0.301 | 0.451% |
| 5 | Mar 23, 2023 | Mar 24, 2023 | Mar 31, 2023 | $0.286 | 0.431% |
FAQ
Click here for our free guide on how to buy First Trust Large Cap Value AlphaDEX Fund ETF.
