FDT - First Trust Developed Markets Ex-US AlphaDEX Fund

Exchange: NASDAQ

FDT - First Trust Developed Markets Ex-US AlphaDEX Fund

Exchange: NASDAQ
#2851/#4898

Fri 20'th Oct 2017

PERIOD 2017-07-21 - 2017-10-20
CHANGE 0.17%
PRICE $60.06
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

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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 gained 0.17% in the last trading day, rising from $59.96 to $60.06 The price has risen in 5 of the last 10 days and is up by 1.26% over the past 2 weeks. Volume fell in the last day by -36 023 shares, and in total, 35 639 shares bought and sold for approximately $2.14 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

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.

Signals

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.

The stock had a Golden Star Signal* on Monday August 21, 2017 in the short-term chart.

* 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.

Support: $59.37 Price: $60.06 Resistance: $60.09

Risk

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.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

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.

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