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

Grade Last Price % Change Price Change
B 28.51 0.11% 0.03
FAAR closed up 0.11 percent on Wednesday, July 3, 2024, on 63 percent of normal volume. It was able to find support at its 50 day moving average.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
50 DMA Support Bullish 0.00%
Crossed Above 20 DMA Bullish 0.11%
Crossed Above 50 DMA Bullish 0.11%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.11%
Narrow Range Bar Range Contraction 0.11%
Inside Day Range Contraction 0.11%
50 DMA Resistance Bearish 0.46%
Fell Below 20 DMA Bearish 0.46%
Gapped Up Strength 0.46%
Down 3 Days in a Row Weakness 0.46%

   Recent Intraday Alerts

Alert Time
50 DMA Support about 10 hours ago
Non-ADX 1,2,3,4 Pullback Entry about 10 hours ago
Rose Above Previous Day's High about 10 hours ago
Rose Above 10 DMA about 10 hours ago
Rose Above 20 DMA 1 day 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 0.21 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 26.9081
Average Volume 16,254
200-Day Moving Average 28.04
50-Day Moving Average 28.44
20-Day Moving Average 28.43
10-Day Moving Average 28.52
Average True Range 0.18
RSI (14) 52.15
ADX 12.98
+DI 21.65
-DI 23.06
Chandelier Exit (Long, 3 ATRs) 28.20
Chandelier Exit (Short, 3 ATRs) 28.55
Upper Bollinger Bands 28.74
Lower Bollinger Band 28.12
Percent B (%b) 0.63
BandWidth 2.18
MACD Line 0.02
MACD Signal Line 0.02
MACD Histogram 0.003
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 28.67
Resistance 3 (R3) 28.67 28.61 28.65
Resistance 2 (R2) 28.61 28.57 28.61 28.64
Resistance 1 (R1) 28.56 28.54 28.56 28.56 28.63
Pivot Point 28.50 28.50 28.50 28.50 28.50
Support 1 (S1) 28.45 28.46 28.46 28.46 28.39
Support 2 (S2) 28.39 28.43 28.39 28.38
Support 3 (S3) 28.34 28.39 28.37
Support 4 (S4) 28.35