FNX Stock Tickeron detected bullish ETF Pattern: Triple Bottoms FNX on August 15, 2024, netting in a 11.12% gain over 2 months

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FNX - First Trust Mid Cap Core AlphaDEX® ETF

Ticker: FNX

Company: First Trust Mid Cap Core AlphaDEX® ETF

Gain: +11.12%

Confirmed: 08/15/24

Succeeded: 10/14/24

Total length: 70 days

FNX's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for FNX turned positive on October 14, 2024. 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 .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 11, 2024. You may want to consider a long position or call options on FNX as a result. In of 86 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The 10-day moving average for FNX crossed bullishly above the 50-day moving average on September 19, 2024. 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 FNX advanced for three days, in of 339 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 310 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 Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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 October 16, 2024. 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.