FSD FIRST TRUST HIGH Income LONG/SHORT FUND Forecast, Technical & Fundamental Analysis

FSD sees its 50-day moving average cross bullishly above its 200-day moving average

The 50-day moving average for FSD moved above the 200-day moving average on December 01, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 31, 2023. You may want to consider a long position or call options on FSD as a result. In of 79 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 FSD just turned positive on October 31, 2023. Looking at past instances where FSD's MACD turned positive, the stock continued to rise in of 38 cases over the following month. The odds of a continued upward trend are .

FSD moved above its 50-day moving average on November 01, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for FSD crossed bullishly above the 50-day moving average on November 07, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 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 FSD advanced for three days, in of 309 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 288 cases where FSD 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 demonstrates 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 Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 21 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 FSD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

FSD broke above its upper Bollinger Band on November 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)