First Trust United Kingdom AlphaDEX Fund ETF Forecast
Stronger technical forecast for First Trust United Kingdom AlphaDEX Fund ETF price after Thursday trading.
(Updated on Mar 28, 2024)
The First Trust United Kingdom AlphaDEX Fund ETF price gained 0.720% on the last trading day (Thursday, 28th Mar 2024), rising from $37.49 to $37.76. It has now gained 3 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 0.359% from a day low at $37.66 to a day high of $37.79. The price has risen in 7 of the last 10 days and is up by 3.42% 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, 3 thousand more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately $237.66 thousand.
The ETF lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $38.17 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 3.59% during the next 3 months and, with a 90% probability hold a price between $36.80 and $39.54 at the end of this 3-month period.
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FKU Signals & Forecast
The First Trust United Kingdom AlphaDEX Fund 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 $37.22 and $36.22. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, February 09, 2024, and so far it has risen 8.49%. Further rise is indicated until a new top pivot has been found. First Trust United Kingdom AlphaDEX Fund 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Friday, June 09, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Friday, June 09, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for First Trust United Kingdom AlphaDEX Fund ETF
First Trust United Kingdom AlphaDEX Fund finds support from accumulated volume at $36.93 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.135 between high and low, or 0.359%. For the last week the ETF has had daily average volatility of 0.329%.
Our recommended stop-loss: $36.39 (-3.62%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (FKU) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect First Trust United Kingdom AlphaDEX Fund to open at $37.74, and during the day (based on 14 day Average True Range), to move between $37.47 and $38.05, which gives a possible trading interval of +/-$0.285 (+/-0.76%) up or down from last closing price. If First Trust United Kingdom AlphaDEX Fund takes out the full calculated possible swing range there will be an estimated 1.51% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $36.93, some $0.83 (2.20%) from the current price of $37.76, our system finds the risk reward attractive.
Is First Trust United Kingdom AlphaDEX Fund ETF A Buy?
First Trust United Kingdom 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 these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.810 Strong Buy Candidate Upgraded
Predicted Opening Price for First Trust United Kingdom AlphaDEX Fund of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$37.74 ( 0.0662%) | $37.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FKU
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 37.87 | 0.291 % | |
R2 | 37.82 | 0.155 % | ||
R1 | 37.79 | 0.0704 % | ||
Current price: | 37.76 | |||
Support | S1 | 37.68 | -0.203 % | |
S2 | 37.65 | -0.287 % | ||
S3 | 37.60 | -0.424 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 37.76 | |||
Support | S1 | 36.93 | -2.20% | |
S2 | 35.15 | -6.91% | ||
S3 | 34.90 | -7.57% |
FKU Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 21, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.193 | 0.510% |
2 | Dec 22, 2023 | Dec 22, 2023 | Dec 29, 2023 | $0.539 | 1.47% |
3 | Sep 21, 2023 | Sep 22, 2023 | Sep 29, 2023 | $0.265 | 0.82% |
4 | Jun 26, 2023 | Jun 27, 2023 | Jun 30, 2023 | $0.492 | 1.48% |
5 | Mar 23, 2023 | Mar 24, 2023 | Mar 31, 2023 | $0.107 | 0.316% |
FAQ
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