Technical Analysis for FAAR - First Trust Alternative Absolute Return Strategy ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| F | 27.78 | -0.22% | -0.06 |
FAAR closed down 0.22 percent on Wednesday, November 20, 2024, on 1.33 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Flat | Flat |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Fell Below 20 DMA | Bearish | 0.00% | |
| Fell Below 50 DMA | Bearish | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Gapped Down | Weakness | 0.00% | |
| 20 DMA Support | Bullish | -0.22% | |
| 50 DMA Support | Bullish | -0.22% | |
| Gapped Down | Weakness | -0.22% | |
| Crossed Above 20 DMA | Bullish | -0.32% | |
| Crossed Above 50 DMA | Bullish | -0.32% | |
| MACD Bullish Signal Line Cross | Bullish | -0.32% |
| Alert | Time |
|---|---|
| 20 DMA Support | about 15 hours ago |
| 10 DMA Support | about 15 hours ago |
| 50 DMA Resistance | about 15 hours ago |
| Fell Below 50 DMA | about 15 hours ago |
| Fell Below Previous Day's Low | about 15 hours ago |
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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.
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Commodity Markets Absolute Return Exchange
Classification
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Commodity Markets Absolute Return Exchange
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 29.2197 |
| 52 Week Low | 26.7158 |
| Average Volume | 41,038 |
| 200-Day Moving Average | 28.17 |
| 50-Day Moving Average | 27.83 |
| 20-Day Moving Average | 27.78 |
| 10-Day Moving Average | 27.72 |
| Average True Range | 0.20 |
| RSI (14) | 49.75 |
| ADX | 12.39 |
| +DI | 23.98 |
| -DI | 22.17 |
| Chandelier Exit (Long, 3 ATRs) | 27.49 |
| Chandelier Exit (Short, 3 ATRs) | 28.02 |
| Upper Bollinger Bands | 28.09 |
| Lower Bollinger Band | 27.47 |
| Percent B (%b) | 0.5 |
| BandWidth | 2.22 |
| MACD Line | -0.03 |
| MACD Signal Line | -0.04 |
| MACD Histogram | 0.0113 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 27.97 | ||||
| Resistance 3 (R3) | 27.97 | 27.91 | 27.94 | ||
| Resistance 2 (R2) | 27.91 | 27.86 | 27.91 | 27.93 | |
| Resistance 1 (R1) | 27.84 | 27.83 | 27.87 | 27.84 | 27.92 |
| Pivot Point | 27.78 | 27.78 | 27.80 | 27.78 | 27.78 |
| Support 1 (S1) | 27.72 | 27.73 | 27.75 | 27.72 | 27.64 |
| Support 2 (S2) | 27.66 | 27.70 | 27.66 | 27.63 | |
| Support 3 (S3) | 27.59 | 27.66 | 27.62 | ||
| Support 4 (S4) | 27.59 |
