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

Grade Last Price % Change Price Change
C 28.20 0.02% 0.00
FAAR closed up 0.02 percent on Monday, May 6, 2024, on 37 percent of normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Down Down

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Below Lower BB Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Lower Bollinger Band Walk Weakness 0.02%
Below Lower BB Weakness 0.02%
Down 3 Days in a Row Weakness 0.02%
Down 4 Days in a Row Weakness 0.02%
Down 5 Days in a Row Weakness 0.02%

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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 0.04 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 43,150
200-Day Moving Average 28.01
50-Day Moving Average 28.67
20-Day Moving Average 28.90
10-Day Moving Average 28.75
Average True Range 0.30
RSI (14) 33.77
ADX 34.83
+DI 10.40
-DI 40.60
Chandelier Exit (Long, 3 ATRs) 28.54
Chandelier Exit (Short, 3 ATRs) 29.01
Upper Bollinger Bands 29.56
Lower Bollinger Band 28.24
Percent B (%b) -0.03
BandWidth 4.57
MACD Line -0.09
MACD Signal Line 0.04
MACD Histogram -0.129
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 28.42
Resistance 3 (R3) 28.42 28.34 28.38
Resistance 2 (R2) 28.34 28.29 28.34 28.37
Resistance 1 (R1) 28.27 28.25 28.31 28.27 28.36
Pivot Point 28.20 28.20 28.21 28.20 28.20
Support 1 (S1) 28.13 28.14 28.16 28.13 28.04
Support 2 (S2) 28.05 28.11 28.05 28.03
Support 3 (S3) 27.98 28.05 28.02
Support 4 (S4) 27.98