FAAR Stock First Trust Alt Abs Ret Strat ETF (FAAR, $27.84) Moving Average Convergence Divergence (MACD) Histogram turned positive on October 10, 2024

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FAAR - First Trust Alt Abs Ret Strat ETF

MACD signal

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Odds of UP Trend

Price: $27.84

Daily change: +$0.24 (+0.87%)

Daily volume: 14.8K

Net Assets: $114.8M

FAAR's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for FAAR turned positive on October 10, 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 Momentum Indicator moved above the 0 level on October 10, 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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FAAR advanced for three days, in of 302 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 Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 60 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 .

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.