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FNX
ETF ticker: NASDAQ
AS OF
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Net Assets
1B

FNX First Trust Mid Cap Core AlphaDEX® ETF Forecast, Technical & Fundamental Analysis

Category MidCapBlend
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for FNX with price predictions
07:00 PM EST Nov 30, 2023

FNX in upward trend: 10-day moving average crossed above 50-day moving average on November 17, 2023

The 10-day moving average for FNX crossed bullishly above the 50-day moving average on November 17, 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 .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on FNX as a result. In of 83 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 FNX just turned positive on November 02, 2023. Looking at past instances where FNX's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

FNX moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FNX advanced for three days, in of 336 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 319 cases where FNX 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 RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 12 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The 50-day moving average for FNX moved below the 200-day moving average on October 27, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where FNX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

FNX broke above its upper Bollinger Band on December 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Roku (NASDAQ:ROKU), Owens Corning (NYSE:OC), Okta (NASDAQ:OKTA), Pure Storage (NYSE:PSTG), APA Corp (NASDAQ:APA), KeyCorp (NYSE:KEY), Chesapeake Energy Corp (NASDAQ:CHK), NRG Energy (NYSE:NRG), Nutanix (NASDAQ:NTNX), Wynn Resorts Limited (NASDAQ:WYNN).

Industry description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Nasdaq AlphaDEX® Mid Cap Core Index. The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks that comprise the index. The index is designed to select stocks from the NASDAQ US 600 Mid Cap Index TM (the "base index") that may generate positive alpha, or risk-adjusted returns, relative to traditional indices through the use of the AlphaDEX® selection methodology.

Market Cap

The average market capitalization across the First Trust Mid Cap Core AlphaDEX® ETF ETF is 6.42B. The market cap for tickers in the group ranges from 1.38B to 20.51B. TW holds the highest valuation in this group at 20.51B. The lowest valued company is HE at 1.38B.

High and low price notable news

The average weekly price growth across all stocks in the First Trust Mid Cap Core AlphaDEX® ETF ETF was 4%. For the same ETF, the average monthly price growth was 12%, and the average quarterly price growth was 8%. IMGN experienced the highest price growth at 83%, while WOR experienced the biggest fall at -31%.

Volume

The average weekly volume growth across all stocks in the First Trust Mid Cap Core AlphaDEX® ETF ETF was 234%. For the same stocks of the ETF, the average monthly volume growth was 6% and the average quarterly volume growth was 3%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 60
P/E Growth Rating: 53
Price Growth Rating: 48
SMR Rating: 62
Profit Risk Rating: 62
Seasonality Score: 23 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category MidCapBlend

Profile
Fundamentals
Details
Category
Mid-Cap Blend
Address
First Trust Exchange-Traded Alphadex Fd120 East Liberty Drive, Suite 400Wheaton
Phone
N/A
Web
www.ftportfolios.com
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FNX and

Correlation & Price change

A.I.dvisor indicates that over the last year, FNX has been closely correlated with SCHM. These tickers have moved in lockstep 98% of the time. This A.I.-generated data suggests there is a high statistical probability that if FNX jumps, then SCHM could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FNX
1D Price
Change %
FNX100%
+3.00%
SCHM - FNX
98%
Closely correlated
+2.44%
MDY - FNX
98%
Closely correlated
+2.42%
IJH - FNX
98%
Closely correlated
+2.41%
IWR - FNX
95%
Closely correlated
+1.86%
VXF - FNX
95%
Closely correlated
+2.50%
More