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FAB
ETF ticker: NASDAQ
AS OF
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Net Assets
157.41M

FAB First Trust Multi Cap Val AlphaDEX® ETF Forecast, Technical & Fundamental Analysis

Category MidCapValue
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for FAB with price predictions
07:00 PM EST Nov 29, 2023

FAB in upward trend: price rose above 50-day moving average on November 14, 2023

FAB moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend. In of 44 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 02, 2023. You may want to consider a long position or call options on FAB as a result. In of 73 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 FAB just turned positive on November 01, 2023. Looking at past instances where FAB's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .

The 10-day moving average for FAB crossed bullishly above the 50-day moving average on November 15, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 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 FAB advanced for three days, in of 311 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 298 cases where FAB 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 demonstrated that the ticker has stayed in the overbought zone for 10 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The 50-day moving average for FAB moved below the 200-day moving average on October 24, 2023. 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 FAB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Alphabet (NASDAQ:GOOGL), Meta Platforms (NASDAQ:META), Unitedhealth Group (NYSE:UNH), JPMorgan Chase & Co (NYSE:JPM), Procter & Gamble Company (NYSE:PG), Bank of America Corp (NYSE:BAC), Netflix (NASDAQ:NFLX), Accenture PLC (NYSE:ACN), Cisco Systems (NASDAQ:CSCO), Intel Corp (NASDAQ:INTC).

Industry description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of the Nasdaq AlphaDEX® Multi Cap Value Index. The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks that comprise the index. The index is designed to select value stocks from the NASDAQ US 500 Large Cap Index TM, NASDAQ US 600 Mid Cap Index TM and NASDAQ US 700 Small Cap Index TM that may generate positive alpha, or risk-adjusted returns, relative to traditional indices through the use of the AlphaDEX® selection methodology.

Market Cap

The average market capitalization across the First Trust Multi Cap Val AlphaDEX® ETF ETF is 21.26B. The market cap for tickers in the group ranges from 380.96M to 1.73T. GOOGL holds the highest valuation in this group at 1.73T. The lowest valued company is SHYF at 380.96M.

High and low price notable news

The average weekly price growth across all stocks in the First Trust Multi Cap Val AlphaDEX® ETF ETF was 1%. For the same ETF, the average monthly price growth was 8%, and the average quarterly price growth was 7%. VSCO experienced the highest price growth at 28%, while PDCO experienced the biggest fall at -21%.

Volume

The average weekly volume growth across all stocks in the First Trust Multi Cap Val AlphaDEX® ETF ETF was -28%. For the same stocks of the ETF, the average monthly volume growth was -54% and the average quarterly volume growth was -56%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 53
P/E Growth Rating: 48
Price Growth Rating: 49
SMR Rating: 57
Profit Risk Rating: 61
Seasonality Score: -7 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category MidCapValue

Profile
Fundamentals
Details
Category
Mid-Cap Value
Address
First Trust Exchange-Traded Alphadex Fd120 East Liberty Drive, Suite 400Wheaton
Phone
N/A
Web
www.ftportfolios.com
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FAB and

Correlation & Price change

A.I.dvisor indicates that over the last year, FAB has been closely correlated with IJJ. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if FAB jumps, then IJJ could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FAB
1D Price
Change %
FAB100%
+0.46%
IJJ - FAB
97%
Closely correlated
+0.57%
IWS - FAB
97%
Closely correlated
+0.77%
VOE - FAB
96%
Closely correlated
+0.98%
SDY - FAB
92%
Closely correlated
+0.91%
COWZ - FAB
89%
Closely correlated
+0.93%