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Stock Trend Analysis Report
Prepared for you on Saturday, April 20, 2024.
First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR)
Bull Market Weakness (+75) - FAAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on FAAR as it may be in the beginning stages of a reversal.
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 DOWN since Apr 17th, 2024 at 28.97
Smart Scan Analysis for FAAR
Based on our trend formula, FAAR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 28.8900 | 29.1882 | 28.8300 | 29.0600 | +0.0408 |
| Prev. Close | Volume | Bid | Ask | Time |
| 29.0100 | 51403 | 2024-04-19 15:59:28 |
| 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 | 71,306 | Shares Outstanding | 100 |
| Market Cap | 46M | Volatility | 7.89 |