First Trust Germany Alphadex Ucits Etf ETF Forecast

First Trust Germany Alphadex Ucits Etf ETF price ended at 22.68€ on Thursday, after losing 2.66%.
(Updated on Jun 27, 2024)

FTGG.F Signals & Forecast

There are few to no technical positive signals at the moment. The First Trust Germany Alphadex Ucits Etf 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 23.29€ and 24.24€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -9.81%. 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). First Trust Germany Alphadex Ucits Etf gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for First Trust Germany Alphadex Ucits Etf ETF

There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.

This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved 0.795€ (3.51%) between high and low. For the last week, the ETF has had daily average volatility of 1.47%.

First Trust Germany Alphadex Ucits Etf is oversold on RSI14 (21). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (FTGG.F) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect First Trust Germany Alphadex Ucits Etf to open at 22.94€, and during the day (based on 14 day Average True Range), to move between 22.38€ and 22.97€, which gives a possible trading interval of +/-0.294€ (+/-1.30%) up or down from last closing price. If First Trust Germany Alphadex Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.60% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ 24.42€, some 1.75€ (7.70%) from the current price of 22.68€, our system finds the risk reward not very attractive.

Is First Trust Germany Alphadex Ucits Etf ETF A Buy?

First Trust Germany Alphadex Ucits Etf 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.

Current score: -3.389 Sell Candidate Unchanged

Predicted Opening Price for First Trust Germany Alphadex Ucits Etf of Friday, June 28, 2024

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