How the price action of First Trust Materials Alphadex Fund ($FXZ) is used to our Advantage

December 10, 2023, 08:00 am ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for FXZ

• Buy FXZ slightly over 62.57 target 66.22 stop loss @ 62.39 Details

The technical summary data tells us to buy FXZ near 62.57 with an upside target of 66.22. This data also tells us to set a stop loss @ 62.39 to protect against excessive loss in case the stock begins to move against the trade. 62.57 is the first level of support below 64.26 , and by rule, any test of support is a buy signal. In this case, support 62.57 is being tested, a buy signal would exist.

• Short FXZ slightly under 66.22, target 62.57, stop loss @ 66.41 Details

The technical summary data is suggesting a short of FXZ as it gets near 66.22 with a downside target of 62.57. We should have a stop loss in place at 66.41though. 66.22 is the first level of resistance above 64.26, and by rule, any test of resistance is a short signal. In this case, if resistance 66.22 is being tested, a short signal would exist.

Swing Trading Plans for FXZ

• Buy FXZ slightly over 65.30, target 66.22, Stop Loss @ 65.11 Details

If 65.30 begins to break higher, the technical summary data tells us to buy FXZ just slightly over 65.30, with an upside target of 66.22. The data also tells us to set a stop loss @ 65.11 in case the stock turns against the trade. 65.30 is the first level of resistance above 64.26, and by rule, any break above resistance is a buy signal. In this case, 65.30, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short FXZ slightly near 65.30, target 64.07, Stop Loss @ 65.49. Details

The technical summary data is suggesting a short of FXZ if it tests 65.30 with a downside target of 64.07. We should have a stop loss in place at 65.49 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 65.30, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for FXZ

• Buy FXZ slightly over 64.87, target 65.30, Stop Loss @ 64.72 Details

If 64.87 begins to break higher, the technical summary data tells us to buy FXZ just slightly over 64.87, with an upside target of 65.30. The data also tells us to set a stop loss @ 64.72 in case the stock turns against the trade. 64.87 is the first level of resistance above 64.26, and by rule, any break above resistance is a buy signal. In this case, 64.87, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short FXZ slightly near 64.87, target 64.07, Stop Loss @ 65.02. Details

The technical summary data is suggesting a short of FXZ if it tests 64.87 with a downside target of 64.07. We should have a stop loss in place at 65.02 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 64.87, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  First Trust Materials Alphadex Fund (FXZ) available here: FXZ.

FXZ Ratings for December 10:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Neutral
P1	0	.00	58.89
P2	63.62	64.07	62.57
P3	64.87	65.30	66.22

AI Generated Signals for FXZ

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  First Trust Materials Alphadex Fund (NYSE: FXZ) data table below can help you with price action, and we have more details too. Trading plans for FXZ are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.