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.
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Trend Table & Recent EOD Trading Signals

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%

   Recent Intraday Alerts

Alert Time
20 DMA Support about 16 hours ago
10 DMA Support about 16 hours ago
50 DMA Resistance about 16 hours ago
Fell Below 50 DMA about 16 hours ago
Fell Below Previous Day's Low about 16 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

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 29.2197
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