Technical Analysis for FAAR - First Trust Alternative Absolute Return Strategy ETF

Grade Last Price % Change Price Change
D 28.19 -1.54% -0.44
FAAR closed down 1.54 percent on Wednesday, May 22, 2024, on 45 percent of normal volume.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Down Flat

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish 0.00%
180 Bearish Setup Bearish Swing Setup 0.00%
Gapped Down Weakness 0.00%
Crossed Above 20 DMA Bullish -1.54%
Gapped Up Strength -1.54%
Fell Below 20 DMA Bearish -0.95%
MACD Bullish Signal Line Cross Bullish -0.95%
NR7 Range Contraction -0.95%
Narrow Range Bar Range Contraction -0.95%
Crossed Above 20 DMA Bullish -1.23%

   Recent Intraday Alerts

Alert Time
Fell Below Previous Day's Low about 19 hours ago
Down 1% about 19 hours ago
Fell Below 20 DMA about 19 hours ago
Fell Below 10 DMA about 19 hours ago
Down 1 ATR about 19 hours ago

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Profile

The First Trust Alternative Absolute Return Strategy ETF seeks to achieve long-term total return using a long/short commodities strategy. The fund intends to invest primarily in exchange-listed commodity futures contracts through a wholly-owned subsidiary.
Classification

Keywords: Exchange Traded Fund ETF Exchange Traded Funds Commodity Markets Absolute Return Exchange

Top 10 Components

Symbol Grade Price % Change Allocation
FCRX A -0.67 21.59

Is FAAR a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 29.43
52 Week Low 25.0261
Average Volume 41,803
200-Day Moving Average 28.02
50-Day Moving Average 28.68
20-Day Moving Average 28.45
10-Day Moving Average 28.30
Average True Range 0.25
RSI (14) 42.20
ADX 37.25
+DI 16.35
-DI 32.29
Chandelier Exit (Long, 3 ATRs) 28.58
Chandelier Exit (Short, 3 ATRs) 28.77
Upper Bollinger Bands 29.15
Lower Bollinger Band 27.75
Percent B (%b) 0.32
BandWidth 4.94
MACD Line -0.11
MACD Signal Line -0.12
MACD Histogram 0.0156
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 28.45
Resistance 3 (R3) 28.47 28.41 28.40
Resistance 2 (R2) 28.41 28.35 28.40 28.39
Resistance 1 (R1) 28.30 28.30 28.27 28.28 28.37
Pivot Point 28.24 28.24 28.23 28.23 28.24
Support 1 (S1) 28.13 28.18 28.10 28.11 28.01
Support 2 (S2) 28.07 28.13 28.06 27.99
Support 3 (S3) 27.96 28.07 27.98
Support 4 (S4) 27.94