FBZ First Trust Brazil AlphaDEX® ETF Forecast, Technical & Fundamental Analysis
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 .
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)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category LatinAmericaStock
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.
| Ticker / NAME | Correlation To FBZ | 1D Price Change % | ||
|---|---|---|---|---|
| FBZ | 100% | -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 | ||||