Fri 20'th Oct 2017
First Trust Developed Markets Ex-US AlphaDEX Fund Stock Analysis
Technical stock analysis for Fri 20'th Oct 2017
Hold candidate since 2017-10-19 Gain 0.17%
First Trust Developed Markets Ex-US AlphaDEX Fund lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.78% during the next 3 months and, with 90% probability hold a price between $62.44 and $64.23 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Monday October 16, 2017, which indicates further falls until a new bottom pivot has been found. First Trust Developed Markets Ex-US AlphaDEX Fund holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $60.24. On a fall, the stock will find some support from the long-term average at approximately $59.25. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 67 and the stock is currently not being overbought or oversold
Support & Resistance
First Trust Developed Markets Ex-US AlphaDEX Fund finds support from accumulated volume at $59.37. On the upside the stock meets some resistance just above today's level from accumulated volume at $60.09, $60.27 and $60.51.
The stock is about to test the resistance from accumulated volume at $60.09 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.22 (0.37%) between high and low. For the last week, the stock has had a daily average volatility of 0.41%.
Our recommended stoploss: $57.95 (-3.52%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 4 days ago.)
Very Low Low Medium High Very High
First Trust Developed Markets Ex-US AlphaDEX Fund holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
Trade FDT CFDs with Plus500
Your capital is at risk.
Important: Plus500 doesn't offer signals and it is a CFD service.
Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).