FAAR Stock First Trust Alt Abs Ret Strat ETF (FAAR, $27.87) price moved above its 50-day Moving Average on November 18, 2024

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FAAR - First Trust Alt Abs Ret Strat ETF

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Odds of UP Trend

Price: $27.87

Daily change: +$0.14 (+0.5%)

Daily volume: 10.9K

Net Assets: $98.3M

FAAR's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for FAAR 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 .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 54 cases where FAAR's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that 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 303 cases, the price rose further within the following month. The odds of a continued upward trend are .

FAAR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 21, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on FAAR as a result. In of 98 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

FAAR moved below its 50-day moving average on November 20, 2024 date and that indicates a change from an upward trend to a downward trend.

The 50-day moving average for FAAR moved below the 200-day moving average on October 22, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

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 .

The Aroon Indicator for FAAR entered a downward trend on October 17, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.