FDM First Trust Dow Jones Sel MicroCap ETF Forecast, Technical & Fundamental Analysis
FDM's RSI Oscillator peaks and leaves overbought zone
The 10-day RSI Indicator for FDM moved out of overbought territory on December 02, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 37 instances where the indicator moved out of the overbought zone. In of the 37 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 12, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on FDM as a result. In of 88 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 FDM turned negative on December 05, 2024. 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 47 similar instances when the indicator turned negative. In of the 47 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 FDM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, 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 FDM advanced for three days, in of 299 cases, the price rose further within the following month. The odds of a continued upward trend are .
FDM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 278 cases where FDM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category SmallValue
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| MAIRX | 8.53 | N/A | N/A |
| Victory Trivalent Intl Fd-Core Eq R6 | |||
| AIVGX | 16.86 | -0.03 | -0.18% |
| American Funds International Vntg F-3 | |||
| WIFMX | 3.61 | -0.01 | -0.28% |
| Wasatch Frontier Emerg Sm Countrs Instl | |||
| FTADX | 48.33 | -0.22 | -0.45% |
| Fidelity Advisor International Discv M | |||
| AGYCX | 11.76 | -0.06 | -0.52% |
| American Century Global Gold C | |||
FDM and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, FDM has been closely correlated with BSVO. These tickers have moved in lockstep 96% of the time. This A.I.-generated data suggests there is a high statistical probability that if FDM jumps, then BSVO could also see price increases.
| Ticker / NAME | Correlation To FDM | 1D Price Change % | ||
|---|---|---|---|---|
| FDM | 100% | -1.16% | ||
| BSVO - FDM | 96% Closely correlated | -1.13% | ||
| ROSC - FDM | 96% Closely correlated | -1.41% | ||
| EES - FDM | 96% Closely correlated | -0.76% | ||
| AVSC - FDM | 95% Closely correlated | -1.17% | ||
| SQLV - FDM | 95% Closely correlated | -1.03% | ||
More | ||||