First Trust Small Cap Growth 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
First Trust Small Cap Growth AlphaDEX ETF price up 0.629% on Monday
(Updated on May 06, 2024)
The First Trust Small Cap Growth AlphaDEX ETF price gained 0.629% on the last trading day (Monday, 6th May 2024), rising from $65.23 to $65.64. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.488% from a day low at $65.59 to a day high of $65.91. The price has risen in 7 of the last 10 days and is up by 6.35% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 987 more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately $395.68 thousand.
The ETF has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $65.55 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the ETF is predicted to reach $70.24 sometime during the next 3 months.
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FYC Signals & Forecast
Mostly positive signals in the chart today. The First Trust Small Cap Growth AlphaDEX ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $64.09 and $63.67. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 7.75%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). First Trust Small Cap Growth AlphaDEX 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. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for First Trust Small Cap Growth AlphaDEX ETF
First Trust Small Cap Growth AlphaDEX finds support from accumulated volume at $63.62 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.320 (0.488%) between high and low. For the last week, the ETF has had daily average volatility of 1.12%.
Our recommended stop-loss: $62.79 (-4.34%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (FYC) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect First Trust Small Cap Growth AlphaDEX Fund to open at $65.71, and during the day (based on 14 day Average True Range), to move between $64.61 and $66.67, which gives a possible trading interval of +/-$1.03 (+/-1.57%) up or down from last closing price. If First Trust Small Cap Growth AlphaDEX Fund takes out the full calculated possible swing range there will be an estimated 3.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $65.70 (0.08%) than the support at $63.62 (3.08%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is First Trust Small Cap Growth AlphaDEX Fund ETF A Buy?
Several short-term signals are positive and the ETF has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for First Trust Small Cap Growth AlphaDEX ETF to perform well in the short-term period.
Current score: 2.255 Buy Candidate Unchanged
Predicted Opening Price for First Trust Small Cap Growth AlphaDEX Fund of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $65.71 ( 0.107%) | $65.64 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FYC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 66.03 | 0.594 % | |
| R2 | 65.91 | 0.408 % | ||
| R1 | 65.83 | 0.293 % | ||
| Current price: | 65.64 | |||
| Support | S1 | 65.59 | -0.0796 % | |
| S2 | 65.51 | -0.195 % | ||
| S3 | 65.39 | -0.381 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 65.70 | 0.0838 % | ||
| Current price | 65.64 | |||
| Support | S1 | 63.62 | -3.08% | |
| S2 | 63.42 | -3.38% | ||
| S3 | 61.59 | -6.17% |
FYC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 22, 2023 | Dec 22, 2023 | Dec 29, 2023 | $0.156 | 0.247% |
| 2 | Sep 21, 2023 | Sep 22, 2023 | Sep 29, 2023 | $0.0770 | 0.137% |
| 3 | Jun 26, 2023 | Jun 27, 2023 | Jun 30, 2023 | $0.0720 | 0.120% |
| 4 | Mar 23, 2023 | Mar 24, 2023 | Mar 31, 2023 | $0.0590 | 0.102% |
| 5 | Jun 23, 2022 | Jun 24, 2022 | Jun 30, 2022 | $0.0020 | 0.0037% |
FAQ
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