First Trust Switzerland AlphaDEX Fund ETF Forecast

$63.56
+0.310 (+0.490%)
At Close: Mar 27, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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First Trust Switzerland AlphaDEX Fund ETF upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 20, 2024 Loss -1.42% PDF

The First Trust Switzerland AlphaDEX Fund ETF price gained 0.490% on the last trading day (Wednesday, 27th Mar 2024), rising from $63.25 to $63.56. During the last trading day the ETF fluctuated 0.505% from a day low at $63.32 to a day high of $63.64. The price has fallen in 7 of the last 10 days and is down by -2.24% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 549 more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $153.43 thousand.

The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect First Trust Switzerland AlphaDEX Fund ETF with a 90% probability to be traded between $62.12 and $66.10 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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FSZ Signals & Forecast

The First Trust Switzerland AlphaDEX Fund ETF holds a sell 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 ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $63.74. On a fall, the ETF will find some support from the long-term average at approximately $63.18. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. First Trust Switzerland 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. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -2.24%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for First Trust Switzerland AlphaDEX Fund ETF

First Trust Switzerland AlphaDEX Fund finds support from accumulated volume at $63.13 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 $0.320 between high and low, or 0.505%. For the last week the ETF has had daily average volatility of 0.388%.

Our recommended stop-loss: $60.68 (-4.53%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)

Trading Expectations (FSZ) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect First Trust Switzerland AlphaDEX Fund to open at $63.51, and during the day (based on 14 day Average True Range), to move between $63.12 and $64.00, which gives a possible trading interval of +/-$0.445 (+/-0.70%) up or down from last closing price. If First Trust Switzerland AlphaDEX Fund takes out the full calculated possible swing range there will be an estimated 1.40% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $63.13 (0.68%) than the resistance at $64.20 (1.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is First Trust Switzerland AlphaDEX Fund ETF A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for First Trust Switzerland AlphaDEX Fund ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.545 Buy Candidate Upgraded

Predicted Opening Price for First Trust Switzerland AlphaDEX Fund of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$63.51 ( 0.0839%) $63.56

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for FSZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 63.83 0.419 %
R2 63.70 0.227 %
R1 63.63 0.108 %
Current price: 63.56
Support S1 63.38 -0.276 %
S2 63.31 -0.395 %
S3 63.19 -0.587 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 64.59 1.62 %
R2 64.37 1.27 %
R1 64.20 1.00 %
Current price 63.56
Support S1 63.13 -0.677%
S2 61.57 -3.13%
S3 61.45 -3.32%

FSZ Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 26, 2023 Jun 27, 2023 Jun 30, 2023 $1.28 2.13%
2 Mar 23, 2023 Mar 24, 2023 Mar 31, 2023 $0.0920 0.151%
3 Dec 22, 2022 Dec 23, 2022 Dec 30, 2022 $0.0900 0.164%
4 Sep 22, 2022 Sep 23, 2022 Sep 30, 2022 $0.509 1.10%
5 Jun 23, 2022 Jun 24, 2022 Jun 30, 2022 $1.32 2.49%

FAQ

What is the symbol for First Trust Switzerland AlphaDEX Fund ETF and on which exchange is it traded?
The symbol for First Trust Switzerland AlphaDEX Fund is FSZ and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell First Trust Switzerland AlphaDEX Fund ETF?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for First Trust Switzerland AlphaDEX Fund ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy First Trust Switzerland AlphaDEX Fund ETF?
First Trust Switzerland AlphaDEX Fund ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy First Trust Switzerland AlphaDEX Fund ETF.

What's the current price of First Trust Switzerland AlphaDEX Fund ETF?
As of the end of day on the 2024-03-27, the price of an First Trust Switzerland AlphaDEX Fund (FSZ) share was $63.56.

What is the 52-week high and low for First Trust Switzerland AlphaDEX Fund ETF?
The 52-week high for First Trust Switzerland AlphaDEX Fund ETF is $69.37 and the 52-week low is $54.64.

What is the market capitalization of First Trust Switzerland AlphaDEX Fund ETF?
As of the 2024-03-27, the market capitalization of First Trust Switzerland AlphaDEX Fund is 83.89M.
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About First Trust Switzerland AlphaDEX Fund

FSZ was created on 02/14/12 by First Trust. The ETF tracks a tiered equal-weighted index of 40 Swiss companies selected from the S&P Switzerland BMI. It aims to outperform the broader market using a quant-based methodology.... FSZ Profile

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