Sizing up First Trust Financials AlphaDEX ETF (:FXO): Performs 1.9665684 For the Week

As we move deeper into the year, investors will be paying attention to which companies are well-positioned for future growth. Even if the current earnings reports are a mixed bag, investors can study which industries look they are taking the top spot. Many active investors may be focusing on which way estimates are trending heading into the company earnings release. Analysts will often make updates to projections shortly before and after the earnings numbers are provided. Many active investors may enjoy the volatility that comes with trading around earnings, but others will choose to let the heavy action pass before deciding which stocks to buy or sell next.  

Traders often use pivot point analysis to calculate proper support and resistance levels. Pivot points can be used as markers for traders to identify entry and exit positions. We can now take a look at some one month pivot points for First Trust Financials AlphaDEX ETF (:FXO):

Fibonacci: 30.766666
Fibonacci support 1: 30.480167
Fibonacci support 2: 30.303167
Woodie: 30.9175
Woodie support 1: 30.775
Woodie resistance 1: 31.525
Camarilla: 30.766666
Classic: 30.766666
Classic resistance 1: 31.223333
Classic support 1: 30.473333

Scanning the levels on shares of First Trust Financials AlphaDEX ETF (:FXO), investors might be seeing how close the current price is in relation to some historical high and low prices. Looking out over the previous 3 months, we note that the high/low is 31.3468/25.33. Over the past 1 month, the high/low is 31.3468/30.0069. Looking back over the last full-year, the high price is 32.9699, and the low price sits at 25.33. For the last six months, the high was seen at 32.88, and the low was noted at
25.33.

Traders have the ability to use many different indicators when studying stocks. The Ichimoku Cloud is a highly popular indicator that helps display support and resistance. Looking at some Ichimoku levels, we note that the Ichimoku Cloud Base Line level is 30.615. The Ichimoku Could Conversion Line reading is 30.855. From another angle, the Ichimoku Lead 1 is presently 30.855, and the Lead 2 level is 30.215.

The Donchian Channels indicator can be used to figure out if a market is overbought or oversold. A price breakthrough of either the upper or lower band may signal these conditions. The current reading for the 20 day lower band is 30.08. The current reading for the 20 day upper band is 31.15.

Looking at the stock’s volatility, we note that the current reading is 0.9031946. High volatility may show how the stock’s value can possibly be spread out over a larger range of values. Lower volatility points to the fact that a stock tends to be steadier. Weekly stock volatility clocks in at 0.57600766 while volatility for the month comes in at 0.82670313. The current Bull Bear Power reading for the stock is 0.49261633.

Investors are often searching through all the numbers to help decide which stocks to purchase. Taking a closer look at shares of First Trust Financials AlphaDEX ETF (:FXO), we see that the stock’s latest close price was 31.09. Tracking historical price information can help investors see the bigger picture when looking at a stock. Since the beginning of the year, shares have seen a change of 15.1795635. Over the last full year, shares have moved -3.3850932. Bringing the focus in, the stock has changed 9.5036955 over the past three months, 2.1339462 over the last month, and 1.9665684 over the last week. Traders will be closely watching to see what happens to the stock price over the next couple of sessions.

Technical analysts will note that the Awesome Oscillator reading is presently 0.16876471. This oscillator may fluctuate above and below a zero line and can be used to create a wide variety of trading signals.

Investors may be searching for various types of stocks to help diversify the portfolio. Growth stocks include shares of companies that may have the possibility of generating higher than average profit growth and revenues. These companies tend to pump earnings back into the business, and they generally expand quicker than the overall economy. Although growth stocks can be a bit riskier, they can also provide a higher level of reward down the line. Cyclical stocks consist of companies that typically will ride the wave of the overall economy. These shares tend to perform well when the economy is doing well and perform poorer when the economy is faltering.