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FTA Stock Tickeron detected bearish ETF Pattern: Broadening Wedge Ascending FTA on December 16, 2024, netting in a 4.30% gain over 1 month

A.I.dvisor
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+4.30% Gain from a Successful pattern Broadening Wedge Ascending
FTA - First Trust Large Cap Val AlphaDEX® ETF
Tickeron
Ticker: FTA
Company: First Trust Large Cap Val AlphaDEX® ETF
Gain from shortening: +4.3%
Confirmed: 12/16/24
Succeeded: 12/17/24
Total length: 41 days
On November 06, 2024, A.I.dvisor detected a Broadening Wedge Ascending Pattern (Bearish) for First Trust Large Cap Val AlphaDEX® ETF (FTA, $80.92). 40 days later, on December 16, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On December 17, 2024, the stock hit the target price of $75.78 – resulting in a gain for traders who shorted the stock on the pattern detection date.

FTA in downward trend: 10-day moving average moved below 50-day moving average on December 17, 2024

The 10-day moving average for FTA crossed bearishly below the 50-day moving average on December 17, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 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 .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 06, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on FTA as a result. In of 92 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 FTA turned negative on December 04, 2024. 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 42 similar instances when the indicator turned negative. In of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at .

FTA moved below its 50-day moving average on December 10, 2024 date and that indicates a change from an upward trend to a downward trend.

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

Bullish Trend Analysis

The RSI Indicator shows that the ticker has stayed in the oversold zone for 5 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 Uptrend is expected.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 10 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 FTA advanced for three days, in of 358 cases, the price rose further within the following month. The odds of a continued upward trend are .

FTA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 314 cases where FTA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

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General Information

Category LargeValue

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