FNK Stock First Trust Mid Cap Value AlphaDEX® ETF (FNK, $55.04) price exceeded its 50-day Moving Average on December 16, 2024
at Tickeron.com
FNK's Indicator enters downward trend
The Aroon Indicator for FNK entered a downward trend on January 02, 2025. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 142 similar instances where the Aroon Indicator formed such a pattern. In of the 142 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
FNK moved below its 50-day moving average on December 16, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for FNK crossed bearishly below the 50-day moving average on December 19, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 20 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FNK 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 RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where FNK's RSI Indicator exited the oversold zone, of 21 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 58 cases where FNK's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on January 03, 2025. You may want to consider a long position or call options on FNK as a result. In of 89 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for FNK just turned positive on January 07, 2025. Looking at past instances where FNK's MACD turned positive, the stock continued to rise in of 49 cases 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 FNK advanced for three days, in of 337 cases, the price rose further within the following month. The odds of a continued upward trend are .
FNK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
General Information
Category MidCapValue