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FAAR
ETF ticker: NASDAQ
AS OF
Dec 20 closing price
Price
$27.95
Change
+$0.14 (+0.50%)
Net Assets
97.74M

FAAR First Trust Alt Abs Ret Strat ETF Forecast, Technical & Fundamental Analysis

FAAR
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for FAAR with price predictions
Dec 20, 2024

FAAR in upward trend: price rose above 50-day moving average on November 26, 2024

FAAR moved above its 50-day moving average on November 26, 2024 date and that indicates a change from a downward trend to an upward trend. In of 46 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 22, 2024. You may want to consider a long position or call options on FAAR as a result. In of 97 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for FAAR just turned positive on November 18, 2024. Looking at past instances where FAAR's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

The 10-day moving average for FAAR crossed bullishly above the 50-day moving average on November 27, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FAAR advanced for three days, in of 305 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 258 cases where FAAR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 59 cases where FAAR's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where FAAR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

FAAR broke above its upper Bollinger Band on December 10, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

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FAAR
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published General Information

General Information

Category CommoditiesBroadBasket

Profile
Fundamentals
Details
Category
Commodities Broad Basket
Address
FIRST TRUST EXCHANGE-TRADED FUND VII120 E. Liberty Drive Suite 400 Wheaton, Il 60187Wheaton
Phone
630.765.8000
Web
www.ftportfolios.com
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FAAR and ETFs

Correlation & Price change

A.I.dvisor indicates that over the last year, FAAR has been loosely correlated with COMT. These tickers have moved in lockstep 51% of the time. This A.I.-generated data suggests there is some statistical probability that if FAAR jumps, then COMT could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FAAR
1D Price
Change %
FAAR100%
+0.50%
COMT - FAAR
51%
Loosely correlated
+0.65%
GSG - FAAR
51%
Loosely correlated
+1.75%
FTGC - FAAR
51%
Loosely correlated
+0.94%
DBC - FAAR
48%
Loosely correlated
+0.64%
PDBC - FAAR
47%
Loosely correlated
+0.61%
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