FEN First Trust Energy Income and Growth Fund Forecast, Technical & Fundamental Analysis
FEN's Stochastic Oscillator is staying in oversold zone for 4 days
The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.
Technical Analysis (Indicators)
Bullish Trend Analysis
FEN moved above its 50-day moving average on June 02, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for FEN crossed bullishly above the 50-day moving average on May 15, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 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 FEN advanced for three days, in of 323 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 246 cases where FEN 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 Momentum Indicator moved below the 0 level on May 26, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on FEN as a result. In of 92 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 FEN turned negative on May 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 46 similar instances when the indicator turned negative. In of the 46 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 FEN 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)
Industry description
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Unknown
FEN and
Correlation & Price change
A.I.dvisor indicates that over the last year, FEN has been closely correlated with MLPX. These tickers have moved in lockstep 77% of the time. This A.I.-generated data suggests there is a high statistical probability that if FEN jumps, then MLPX could also see price increases.
| Ticker / NAME | Correlation To FEN | 1D Price Change % | ||
|---|---|---|---|---|
| FEN | 100% | +1.44% | ||
| MLPX - FEN | 77% Closely correlated | +2.98% | ||
| KYN - FEN | 76% Closely correlated | +1.62% | ||
| AMLP - FEN | 74% Closely correlated | +1.85% | ||
| MLPA - FEN | 73% Closely correlated | +1.24% | ||
| EMLP - FEN | 72% Closely correlated | +1.90% |