FYT Stock First Trust Small Cap Val AlphaDEX® ETF (FYT, $58.35) Moving Average Convergence Divergence (MACD) Histogram turned positive on November 21, 2024

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FYT - First Trust Small Cap Val AlphaDEX® ETF

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Odds of UP Trend

Price: $58.35

Daily change: +$0.92 (+1.6%)

Daily volume: 6.5K

Net Assets: $169.5M

FYT in upward trend: 10-day moving average crossed above 50-day moving average on November 06, 2024

The 10-day moving average for FYT crossed bullishly above the 50-day moving average on November 06, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 18 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 .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

The Moving Average Convergence Divergence (MACD) for FYT just turned positive on November 21, 2024. Looking at past instances where FYT's MACD turned positive, the stock continued to rise in of 52 cases over the following month. The odds of a continued upward trend are .

FYT moved above its 50-day moving average on November 05, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FYT advanced for three days, in of 310 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for FYT moved out of overbought territory on November 12, 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 41 similar instances where the indicator moved out of overbought territory. In of the 41 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 November 20, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on FYT as a result. In of 91 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 FYT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

FYT broke above its upper Bollinger Band on November 06, 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.