FTA Stock Tickeron detected bullish ETF Pattern: Cup-and-Handle FTA on October 03, 2024, netting in a 1.64% gain over 1 week

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FTA - First Trust Large Cap Val AlphaDEX® ETF

Ticker: FTA

Company: First Trust Large Cap Val AlphaDEX® ETF

Gain: +1.64%

Confirmed: 10/03/24

Succeeded: 10/14/24

Total length: 11 days

FTA's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for FTA turned positive on October 14, 2024. Looking at past instances where FTA's MACD turned positive, the stock continued to rise in of 41 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 09, 2024. You may want to consider a long position or call options on FTA as a result. In of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 FTA advanced for three days, in of 363 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 321 cases where FTA 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 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 .

FTA 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.