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FDT - First Trust Developed Markets Ex-US AlphaDEX Fund Thu 23'rd Feb 2017

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Strong Buy Candidate

Score: 5.36

#411 of 5165
Trend:
MV Long:
MV Short:
Pivot:
Volume:
MACD:
Score:
Accuracy: 85.71%
Risk: Low
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Stock analysis for Thu 23'rd Feb 2017 (Updated daily)

Buy candidate since 2017-02-15

Gain 0.55%

First Trust Developed Markets Ex-US AlphaDEX Fund Stock Analysis


First Trust Developed Markets Ex-US AlphaDEX Fund gained 0.04% in the last trading day, rising from USD 51.23 to USD 51.25. , and 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. The price has risen in 7 of the last 10 days days and is up by 2.32% over the past 2 weeks. Volume also increased in the last day along with the price, which is a positive technical sign, and, in total, 4 609 more shares were traded than the day before. In total, 30 428 shares bought and sold for approximately USD 1.56 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 9.3% during the next 3 months and, with 90% probability hold a price between USD 54.51 and USD 56.82 at the end of this period.

Signals

Only positive signals in the chart today. 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 50.98 and USD 49.80. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday December 28, 2016, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

The stock had a Golden Star Signal* on Friday December 30, 2016 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)

The stock holds a RSI14 at 72 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Support & Resistance

First Trust Developed Markets Ex-US AlphaDEX Fund finds support from accumulated volume at USD 50.16, USD 48.40, and USD 47.75. There is no resistance from accumulated volume above today's level and given the right condition the stock may perform very well during the next couple of days.

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 USD 0.26 (0.51%) between high and low. For the last week, the stock has had a daily average volatility of 0.78%.

Our recommended stoploss: USD 48.90 (-4.59%) ( criteria: risk and closeness to support from trendline.)

Evaluation

First Trust Developed Markets Ex-US AlphaDEX Fund holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at current levels and are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.

Strong Buy Candidate


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