FPXE First Trust IPOX Europe Equity Opps ETF Forecast, Technical & Fundamental Analysis
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 .
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)
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category EuropeStock
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.
| Ticker / NAME | Correlation To FPXE | 1D Price Change % | ||
|---|---|---|---|---|
| FPXE | 100% | +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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