FDT - First Trust Developed Markets Ex-US AlphaDEX Fund

FDT - First Trust Developed Markets Ex-US AlphaDEX Fund

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Buy Candidate
Fri 26'th May 2017

PERIOD COVERED
2017-02-27 - 2017-05-26
CHANGE
-0.02%
PRICE
$55.26
VOLUME
Sell
TREND
Buy
MV LONG
Buy
MV SHORT
Buy
PIVOT
Buy
MACD
Sell
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First Trust Developed Markets Ex-US AlphaDEX Fund Stock Analysis

Technical stock analysis for Fri 26'th May 2017

Buy candidate since 2017-05-18 Gain 1.92%

First Trust Developed Markets Ex-US AlphaDEX Fund fell by -0.02% in the last day, from USD 55.27 to USD 55.26 The price has risen in 7 of the last 10 days and is up by 1.62% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day, the trading volume fell by -21 760 shares and in total, 18 777 shares bought and sold for approximately USD 1.04 million.

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 9.1% during the next 3 months and, with 90% probability hold a price between USD 58.36 and USD 60.85 at the end of this period.

Signals

First Trust Developed Markets Ex-US AlphaDEX Fund holds buy signals from both short- and long-term moving averages. In addition, 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 USD 54.99 and USD 53.58. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday May 17, 2017, which indicates further gains 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. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Relative Strength Index (RSI)

RSI14 is 66 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 USD 54.36, USD 52.16, and USD 51.91. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 55.27.

The stock is about to test the resistance at USD 55.27. If this level is broken the stock may move faster and we often see a peak at the end of such a break, posing a good sales opportunity as in 90% of the cases you will get a reaction back to the level broken before new gains. A break should be followed by increasing volume else the break may be false and despite a break of the actual resistance level the stock falls back fairly soon.

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stoploss: USD 52.35 (-5.27%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 7 days ago.)

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate

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