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Stock Trend Analysis Report
Prepared for you on Saturday, April 27, 2024.
First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)
Long-Term Uptrend (+90) - FAAR is in a strong uptrend that is likely to continue. While FAAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid FAAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for FAAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for FAAR
The long-term trend has been UP since Feb 8th, 2024 at 28.36
The intermediate-term trend has been UP since Apr 2nd, 2024 at 28.89
The short-term trend has been UP since Apr 26th, 2024 at 29.31
Smart Scan Analysis for FAAR
Based on our trend formula, FAAR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 29.2100 | 29.3300 | 29.1900 | 29.2598 | +0.0798 |
| Prev. Close | Volume | Bid | Ask | Time |
| 29.2200 | 15205 | 2024-04-26 15:48:29 |
| Year High | 31.4999 | Year High Date | 2018-10-02 |
| Year Low | 26.6212 | Year Low Date | 2018-11-29 |
| 52wk High | 29.9992 | 52wk High Date | 2023-09-14 |
| 52wk Low | 25.8501 | 52wk Low Date | 2023-06-09 |
| Average Volume | 73,212 | Shares Outstanding | 100 |
| Market Cap | 46M | Volatility | 7.89 |