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FPXE
ETF ticker: NASDAQ
AS OF
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Net Assets
4.18M

FPXE First Trust IPOX Europe Equity Opps ETF Forecast, Technical & Fundamental Analysis

Category EuropeStock
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for FPXE with price predictions
08:00 PM EDT Sep 21, 2023

FPXE in upward trend: price may ascend as a result of having broken its lower Bollinger Band on September 21, 2023

FPXE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 36 cases where FPXE's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where FPXE's RSI Oscillator exited the oversold zone, of 29 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 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 upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FPXE advanced for three days, in of 294 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 13, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on FPXE as a result. In of 73 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 FPXE turned negative on September 18, 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 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .

FPXE moved below its 50-day moving average on August 31, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for FPXE crossed bearishly below the 50-day moving average on August 17, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 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 FPXE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for FPXE entered a downward trend on September 05, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Spotify Technology SA (NYSE:SPOT), EQT Corp (NYSE:EQT), SolarEdge Technologies (NASDAQ:SEDG), Euronav NV (NYSE:EURN), Big Lots (NYSE:BIG).

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 IPOX ® −100 Europe Index (the "index"). The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks and depositary receipts that comprise the index. The index seeks to measure the performance of the equity securities of the 100 largest and typically most liquid initial public offerings ("IPOs") (including spin-offs and equity carve-outs) of companies that are economically tied to Europe. The fund is non-diversified.

Market Cap

The average market capitalization across the First Trust IPOX Europe Equity Opps ETF ETF is 10.47B. The market cap for tickers in the group ranges from 4.15M to 38.67B. ALC holds the highest valuation in this group at 38.67B. The lowest valued company is SIGN at 4.15M.

High and low price notable news

The average weekly price growth across all stocks in the First Trust IPOX Europe Equity Opps ETF ETF was -2%. For the same ETF, the average monthly price growth was -2%, and the average quarterly price growth was 1%. EURN experienced the highest price growth at 10%, while SHCO experienced the biggest fall at -8%.

Volume

The average weekly volume growth across all stocks in the First Trust IPOX Europe Equity Opps ETF ETF was -33%. For the same stocks of the ETF, the average monthly volume growth was 2% and the average quarterly volume growth was -19%

Fundamental Analysis Ratings

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

Valuation Rating: 53
P/E Growth Rating: 63
Price Growth Rating: 57
SMR Rating: 73
Profit Risk Rating: 83
Seasonality Score: -14 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category EuropeStock

Profile
Fundamentals
Details
Category
Europe Stock
Address
First Trust Exchange-Traded Fund II12o East Liberty Drive, Suite 400Wheaton
Phone
630-241-4141
Web
www.ftportfolios.com
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FPXE and

Correlation & Price change

A.I.dvisor indicates that over the last year, FPXE has been closely correlated with IEUR. These tickers have moved in lockstep 92% of the time. This A.I.-generated data suggests there is a high statistical probability that if FPXE jumps, then IEUR could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FPXE
1D Price
Change %
FPXE100%
+0.50%
IEUR - FPXE
92%
Closely correlated
-0.30%
VGK - FPXE
92%
Closely correlated
-0.22%
BBEU - FPXE
92%
Closely correlated
-0.26%
IEV - FPXE
91%
Closely correlated
-0.23%
EZU - FPXE
91%
Closely correlated
-0.19%
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