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

Grade Last Price % Change Price Change
B 28.76 0.17% 0.05
FAAR closed up 0.17 percent on Monday, March 18, 2024, on 1.56 times normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Pocket Pivot Bullish Swing Setup 0.00%
Upper Bollinger Band Walk Strength 0.00%
BB Squeeze Ended Range Expansion 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
MACD Bullish Signal Line Cross Bullish 0.17%
180 Bullish Setup Bullish Swing Setup 0.17%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout about 13 hours ago
2x Volume Pace about 15 hours ago
1.5x Volume Pace about 15 hours ago
3x Volume Pace about 15 hours ago
Bullish 180 Entry about 15 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 -0.29 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 29.5823
52 Week Low 25.2046
Average Volume 35,087
200-Day Moving Average 28.01
50-Day Moving Average 28.13
20-Day Moving Average 28.47
10-Day Moving Average 28.53
Average True Range 0.18
RSI (14) 61.83
ADX 19.15
+DI 32.71
-DI 15.81
Chandelier Exit (Long, 3 ATRs) 28.35
Chandelier Exit (Short, 3 ATRs) 28.75
Upper Bollinger Bands 28.75
Lower Bollinger Band 28.20
Percent B (%b) 1.03
BandWidth 1.93
MACD Line 0.13
MACD Signal Line 0.12
MACD Histogram 0.0093
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 29.03
Resistance 3 (R3) 29.04 28.96 28.99
Resistance 2 (R2) 28.96 28.89 28.96 28.97
Resistance 1 (R1) 28.86 28.85 28.91 28.85 28.95
Pivot Point 28.78 28.78 28.81 28.78 28.78
Support 1 (S1) 28.68 28.71 28.73 28.67 28.57
Support 2 (S2) 28.60 28.67 28.60 28.55
Support 3 (S3) 28.50 28.60 28.54
Support 4 (S4) 28.49