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FBZ
ETF ticker: NASDAQ
AS OF
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Net Assets
5.44M

FBZ First Trust Brazil AlphaDEX® ETF Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for FBZ with price predictions
08:00 PM EDT Sep 26, 2023

FBZ in downward trend: price dove below 50-day moving average on September 18, 2023

FBZ moved below its 50-day moving average on September 18, 2023 date and that indicates a change from an upward trend to a downward trend. In of 55 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 25, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on FBZ as a result. In of 99 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for FBZ turned negative on September 25, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where FBZ 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 FBZ entered a downward trend on September 15, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator entered the oversold zone -- be on the watch for FBZ's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FBZ advanced for three days, in of 308 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are StoneCo Ltd (NASDAQ:STNE).

Industry description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ AlphaDEX® Brazil Index. The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is designed to select stocks from the NASDAQ Brazil Index (the "base index") 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 Brazil AlphaDEX® ETF ETF is 12.74B. The market cap for tickers in the group ranges from 2.67B to 32.91B. NU holds the highest valuation in this group at 32.91B. The lowest valued company is PAGS at 2.67B.

High and low price notable news

The average weekly price growth across all stocks in the First Trust Brazil AlphaDEX® ETF ETF was -7%. For the same ETF, the average monthly price growth was -6%, and the average quarterly price growth was 7%. NU experienced the highest price growth at 1%, while XP experienced the biggest fall at -12%.

Volume

The average weekly volume growth across all stocks in the First Trust Brazil AlphaDEX® ETF ETF was 87%. For the same stocks of the ETF, the average monthly volume growth was -11% and the average quarterly volume growth was 49%

Fundamental Analysis Ratings

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

Valuation Rating: 75
P/E Growth Rating: 77
Price Growth Rating: 55
SMR Rating: 48
Profit Risk Rating: 100
Seasonality Score: (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category LatinAmericaStock

Profile
Fundamentals
Details
Category
Latin America Stock
Address
First Trust Exchange-Traded Alphadex Fund II120 East Liberty Drive, Suite 400, Wheaton, IllinoisWheaton
Phone
(800) 621-1675
Web
www.ftportfolios.com
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FBZ and

Correlation & Price change

A.I.dvisor indicates that over the last year, FBZ has been closely correlated with EWZ. These tickers have moved in lockstep 91% of the time. This A.I.-generated data suggests there is a high statistical probability that if FBZ jumps, then EWZ could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FBZ
1D Price
Change %
FBZ100%
-0.77%
EWZ - FBZ
91%
Closely correlated
-1.22%
EWZS - FBZ
89%
Closely correlated
-1.37%
FLBR - FBZ
88%
Closely correlated
-0.99%
ILF - FBZ
85%
Closely correlated
-0.36%
FLN - FBZ
80%
Closely correlated
-1.06%
More