FIRST TRUST ALT ABS RET ETF (FAAR) Stock Technical Analysis
NASDAQ:FAAR - Nasdaq - US33740Y1010 - ETF - Currency: USD
Overall FAAR gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FAAR is only an average performer.
In the last month FAAR has a been trading in the 28.21 - 31.10 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
Warning: FAAR has an average volume of 16940 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the performance of all stocks over the past year, FAAR turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
FAAR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FAAR is lagging the market.
FAAR has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 28.34, a Stop Loss order could be placed below this zone.
More info and screens
26.95
29.53
We found 1 important support area.
- A support zone ranging from 27.22 to 28.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 28.39 to 29.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.65
Mansfield-0.72
10 Day High31.1
10 Day Low28.27
20 Day High31.1
20 Day Low28.22
52 Week High31.1
52 Week Low27.42
Performance
1 Week-2.04%
2 Weeks-0.07%
1 Month0.07%
3 Month1.32%
6 Month-0.11%
12 Month0.14%
2 Year-4.9%
3 Year-10.85%
5 Year12.05%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.03
RSI(14)45.02
LBB28.23
UBB29.11
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 28.75 | 28.26 | 0.49 (1.70%) | 25.00% |
| An entry @28.75. This is a Buy Stop order right above the 10 day moving average. | An exit @28.26. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.49 points, which is 1.70%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.43%. |
- The distance between exit and entry is rather small compared to the average daily movement of FAAR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:FAAR (2/21/2025, 8:16:34 PM)
28.35
-0.46 (-1.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.6%
1 Week-2.04%
2 Weeks-0.07%
1 Month0.07%
3 Month1.32%
6 Month-0.11%
12 Month0.14%
2 Year-4.9%
3 Year-10.85%
5 Year12.05%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.47
ATR(20)%1.42%
ATR Inc-26.89%
Range Today0.35
ADR(20)0.37
ADR(20)%1.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.65
Mansfield-0.72
10 Day High31.1
10 Day Low28.27
20 Day High31.1
20 Day Low28.22
52 Week High31.1
52 Week Low27.42
CS1 End28.34
CR1 Start28.39
Volume & EV
DER(3)-1.35%
DER(5)-0.54%
Volume26.50K
Volume Incr0.08%
Vol(5)18.78K
Vol(50)16.94K