FXO First Trust Financials AlphaDEX® ETF Forecast, Technical & Fundamental Analysis
FXO in downward trend: price may drop because broke its higher Bollinger Band on November 25, 2024
FXO broke above its upper Bollinger Band on November 25, 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. The A.I.dvisor looked at 41 similar instances where the stock broke above the upper band. In of the 41 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for FXO moved out of overbought territory on December 02, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 42 similar instances where the indicator moved out of overbought territory. In of the 42 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on December 09, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on FXO as a result. In of 83 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 FXO turned negative on December 03, 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 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FXO 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 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 FXO advanced for three days, in of 334 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 317 cases where FXO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category Financial
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| CNWGX | 19.48 | -0.02 | -0.10% |
| Calamos Evolving World Growth A | |||
| VYCCX | 24.51 | -0.11 | -0.45% |
| Voya Corporate Leaders 100 I | |||
| FIFAX | 24.76 | -0.13 | -0.52% |
| American Funds Income Fund of Amer F3 | |||
| OSCIX | 37.29 | -0.27 | -0.72% |
| Invesco International Small-Mid Com R6 | |||
| AAWEX | 14.47 | -0.17 | -1.16% |
| Cavanal Hill World Energy A | |||
FXO and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, FXO has been closely correlated with IYG. These tickers have moved in lockstep 96% of the time. This A.I.-generated data suggests there is a high statistical probability that if FXO jumps, then IYG could also see price increases.