First Trust Germany Alphadex Ucits Etf 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
First Trust Germany Alphadex Ucits Etf ETF price up 0.95% on Friday
(Updated on Jun 28, 2024)
The First Trust Germany Alphadex Ucits Etf ETF price gained 0.95% on the last trading day (Friday, 28th Jun 2024), rising from 22.68€ to 22.89€. During the last trading day the ETF fluctuated 2.74% from a day low at 22.85€ to a day high of 23.47€. The price has been going up and down for this period, and there has been a -2.1% loss for the last 2 weeks. Volume fell on the last day by -176 shares and in total, 53 shares were bought and sold for approximately 1.21€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 22.66€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -3.59% during the next 3 months and, with a 90% probability hold a price between 21.85€ and 23.78€ at the end of this 3-month period.
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FTGG.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 0.95%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 23.22€ and 24.18€. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. 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
First Trust Germany Alphadex Ucits Etf finds support from accumulated volume at 22.68€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved 0.625€ between high and low, or 2.74%. For the last week the ETF has had daily average volatility of 1.76%.
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 Monday 1st
For the upcoming trading day on Monday, 1st we expect First Trust Germany Alphadex Ucits Etf to open at 23.07€, and during the day (based on 14 day Average True Range), to move between 22.56€ and 23.22€, which gives a possible trading interval of +/-0.330€ (+/-1.44%) 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 2.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 22.68€ (0.94%) than the resistance at 24.42€ (6.68%), 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 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: -1.692 Sell Candidate Unchanged
Predicted Opening Price for First Trust Germany Alphadex Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 23.07€ ( 0.779%) | 22.89€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FTGG.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.69 | 3.51% |
| R2 | 23.45 | 2.47% |
| R1 | 23.31 | 1.82% |
| Price | 22.89 | |
| S1 | 22.83 | -0.264% |
| S2 | 22.68 | -0.91% |
| S3 | 22.44 | -1.95% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.76 | 8.17% |
| R2 | 24.71 | 7.95% |
| R1 | 24.42 | 6.68% |
| Price | 22.89 | |
| S1 | 22.68 | -0.94% |
| S2 | 0 | - |
| S3 | 0 | - |
FTGG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 22, 2023 | Sep 22, 2023 | Oct 05, 2023 | 0.0264€ | 0.112% |
| 2 | Jun 27, 2023 | Jun 27, 2023 | Jul 10, 2023 | 0.592€ | 2.51% |
| 3 | Mar 24, 2023 | Mar 24, 2023 | Apr 06, 2023 | 0.0453€ | 0.197% |
| 4 | Sep 15, 2022 | Sep 15, 2022 | Sep 30, 2022 | 0.0121€ | 0.0624% |
| 5 | Jun 16, 2022 | Jun 16, 2022 | Jun 30, 2022 | 0.673€ | 3.21% |
FAQ
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