FAD Stock Summary and Trading Ideas (First Trust Multi Cap Growth Alphadex | NASDAQ:FAD)

The Fund will seek investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an equity index called the NASDAQ AlphaDEX Multi Cap Growth Index. The Index is a modified equal dollar-weighted index developed and maintained by The NASDAQ OMX Group, Inc. that is designed to generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX selection methodology. The Index is an enhanced index created and administered by Nasdaq, Inc. which employs the AlphaDEX stock selection methodology to select the top 187 stocks from the NASDAQ US 500 Large Cap Growth Index, 225 stocks from the NASDAQ US 600 Mid Cap Growth Index and 262 stocks from the NASDAQ US 700 Small Cap Growth Index with the following weights 50%, 30% & 20% respectively. The selected stocks are divided into quintiles based on their rankings within their size class and the top ranked quintiles receive a higher weight within the index. The index is reconstituted and rebalanced quarterly.

First Trust Multi Cap Growth Alphadex trades on the NASDAQ stock market under the symbol FAD.

As of April 17, 2024, FAD stock price declined to $116.14 with 1,946 million shares trading.

FAD has a market cap of $180.02 million. This is considered a Micro Cap stock.

In the last 3 years, FAD stock traded as high as $131.48 and as low as $88.65.

FAD has underperformed the market in the last year with a price return of +19.1% while the SPY ETF gained +23.0%. FAD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +5.6% and -4.8%, respectively, while the SPY returned +5.7% and -3.5%, respectively.

FAD support price is $115.65 and resistance is $118.61 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FAD stock will trade within this expected range on the day.