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FDM Stock First Trust Dow Jones Sel MicroCap ETF (FDM, $72.14) Stochastic Oscillator left the overbought zone on December 06, 2024

A.I.dvisor
at Tickeron.com
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FDM - First Trust Dow Jones Sel MicroCap ETF
Stochastic signal
Bearish Trend
Odds of DOWN Trend
Tickeron
Stochastic signal
Price: $72.14
Daily change: -$0.48 (-0.66%)
Daily volume: 2.1K
Net Assets: $189M
This is a signal that FDM's price trend could be reversing, and it may be an opportunity to sell the stock or take a defensive position. A.I.dvisor identified 68 similar cases where FDM's stochastic oscillator exited the overbought zone, and of them led to successful outcomes. Odds of Success:

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 .

Price Prediction Chart

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 .

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FDM
Daily Signalchanged days ago
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General Information

Category SmallValue

Profile
Fundamentals
Details
Category
Small Value
Address
First Trust Exchange-Traded Fund1001 Warrenville Road, Suite 300Lisle
Phone
630-241-4141
Web
www.ftportfolios.com