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

Grade Last Price % Change Price Change
A 29.18 0.17% 0.05
FAAR closed up 0.17 percent on Thursday, April 25, 2024, on 32 percent of normal volume.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
20 DMA Support Bullish 0.00%
Outside Day Range Expansion 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Crossed Above 20 DMA Bullish 0.17%
Gapped Up Strength 0.17%
Down 3 Days in a Row Weakness 1.14%
Gapped Down Weakness 1.14%
Fell Below 20 DMA Bearish 1.04%
NR7 Range Contraction 1.04%
Narrow Range Bar Range Contraction 1.04%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout about 9 hours ago
Rose Above Previous Day's High about 9 hours ago
Outside Day about 9 hours ago
Reversed from Down about 10 hours ago
10 DMA Support about 11 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 B -0.58 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 41,809
200-Day Moving Average 27.99
50-Day Moving Average 28.61
20-Day Moving Average 29.01
10-Day Moving Average 29.07
Average True Range 0.34
RSI (14) 60.00
ADX 24.6
+DI 15.01
-DI 29.75
Chandelier Exit (Long, 3 ATRs) 28.42
Chandelier Exit (Short, 3 ATRs) 29.01
Upper Bollinger Bands 29.32
Lower Bollinger Band 28.70
Percent B (%b) 0.77
BandWidth 2.15
MACD Line 0.14
MACD Signal Line 0.16
MACD Histogram -0.0254
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 30.15
Resistance 3 (R3) 30.08 29.70 29.99
Resistance 2 (R2) 29.70 29.45 29.73 29.93
Resistance 1 (R1) 29.44 29.30 29.57 29.50 29.88
Pivot Point 29.05 29.05 29.12 29.08 29.05
Support 1 (S1) 28.79 28.81 28.92 28.86 28.48
Support 2 (S2) 28.41 28.65 28.44 28.43
Support 3 (S3) 28.15 28.41 28.37
Support 4 (S4) 28.21