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

Grade Last Price % Change Price Change
A 29.04 1.11% 0.32
FAAR closed up 1.11 percent on Tuesday, March 2, 2021, on 37 percent of normal volume.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Flat
Historical FAAR trend table...

Date Alert Name Type % Chg
1,2,3 Pullback Bullish Bullish Swing Setup 0.00%
180 Bullish Setup Bullish Swing Setup 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Outside Day Range Expansion 0.00%
1,2,3 Pullback Bullish Bullish Swing Setup 1.11%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 1.11%
NR7 Range Contraction 1.11%
Doji - Bullish? Reversal 1.11%
Down 3 Days in a Row Weakness 1.11%
Upper Bollinger Band Walk Strength 0.76%
Older End-of-Day Signals for FAAR ...

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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

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 29.7488
52 Week Low 19.04
Average Volume 30,988
200-Day Moving Average 26.92
50-Day Moving Average 27.81
20-Day Moving Average 28.43
10-Day Moving Average 28.95
Average True Range 0.44
ADX 40.04
+DI 24.14
-DI 9.63
Chandelier Exit (Long, 3 ATRs ) 28.42
Chandelier Exit (Short, 3 ATRs ) 28.61
Upper Bollinger Band 29.66
Lower Bollinger Band 27.19
Percent B (%b) 0.75
BandWidth 8.70
MACD Line 0.40
MACD Signal Line 0.38
MACD Histogram 0.0256
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 29.83
Resistance 3 (R3) 29.76 29.42 29.70
Resistance 2 (R2) 29.42 29.22 29.46 29.66
Resistance 1 (R1) 29.23 29.09 29.33 29.30 29.61
Pivot Point 28.89 28.89 28.94 28.93 28.89
Support 1 (S1) 28.70 28.69 28.80 28.78 28.47
Support 2 (S2) 28.36 28.57 28.40 28.42
Support 3 (S3) 28.17 28.36 28.38
Support 4 (S4) 28.25