First Trust Consumer Staples AlphaDEX 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
Green day on Friday for First Trust Consumer Staples AlphaDEX ETF after gaining 2.07%
(Updated on May 31, 2024)
The First Trust Consumer Staples AlphaDEX ETF price gained 2.07% on the last trading day (Friday, 31st May 2024), rising from $65.25 to $66.60. During the last trading day the ETF fluctuated 2.13% from a day low at $65.30 to a day high of $66.69. The price has fallen in 6 of the last 10 days and is down by -2.49% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 thousand more shares were traded than the day before. In total, 31 thousand shares were bought and sold for approximately $2.05 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 Consumer Staples AlphaDEX ETF with a 90% probability to be traded between $65.44 and $69.07 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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FXG Signals & Forecast
The First Trust Consumer Staples AlphaDEX ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $66.36 and $66.58. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 2.10%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Wednesday, September 13, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Wednesday, September 13, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
A buy signal from a double bottom formation was found on Wednesday, May 29, 2024 and based on theory for this formation the price should go up by 2.27% to $68.11 within 31 trading days since signal was issued (Monday, June 03, 2024).
Support, Risk & Stop-loss for First Trust Consumer Staples AlphaDEX ETF
First Trust Consumer Staples AlphaDEX finds support from accumulated volume at $66.23 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 $1.39 between high and low, or 2.13%. For the last week the ETF has had daily average volatility of 1.06%.
Our recommended stop-loss: $62.75 (-5.78%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (FXG) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect First Trust Consumer Staples AlphaDEX Fund to open at $66.20, and during the day (based on 14 day Average True Range), to move between $65.98 and $67.22, which gives a possible trading interval of +/-$0.620 (+/-0.93%) up or down from last closing price. If First Trust Consumer Staples AlphaDEX Fund takes out the full calculated possible swing range there will be an estimated 1.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $66.23 (0.56%) than the resistance at $67.03 (0.65%), 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 Consumer Staples AlphaDEX Fund ETF A Buy?
First Trust Consumer Staples AlphaDEX holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.758 Hold/Accumulate Unchanged
Predicted Opening Price for First Trust Consumer Staples AlphaDEX Fund of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $66.20 ( 0.606%) | $66.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FXG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 67.59 | 1.48 % | |
| R2 | 67.06 | 0.684 % | ||
| R1 | 66.73 | 0.192 % | ||
| Current price: | 66.60 | |||
| Support | S1 | 65.67 | -1.40 % | |
| S2 | 65.34 | -1.90 % | ||
| S3 | 64.81 | -2.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 68.29 | 2.54 % | |
| R2 | 67.82 | 1.83 % | ||
| R1 | 67.03 | 0.646 % | ||
| Current price | 66.60 | |||
| Support | S1 | 66.23 | -0.556% | |
| S2 | 65.40 | -1.80% | ||
| S3 | 65.23 | -2.06% |
FXG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.0998 | 0.146% |
| 2 | Dec 22, 2023 | Dec 22, 2023 | Dec 22, 2023 | $0.306 | 0.491% |
| 3 | Dec 27, 2022 | Sep 22, 2023 | Sep 29, 2023 | $0.205 | 0.340% |
| 4 | Dec 27, 2022 | Jun 27, 2023 | Jun 30, 2023 | $0.184 | 0.294% |
| 5 | Dec 27, 2022 | Mar 24, 2023 | Mar 31, 2023 | $0.192 | 0.309% |
FAQ
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