FXN Stock Summary and Trading Ideas (First Trust Energy Alphadex | ARCA:FXN)

The First Trust Energy AlphaDEX Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield before fees and expenses of an equity index called the StrataQuant Energy Index

First Trust Energy Alphadex trades on the ARCA stock market under the symbol FXN.

As of April 18, 2024, FXN stock price climbed to $18.48 with 1,596,414 million shares trading.

FXN has a beta of 0.64, meaning it tends to be less sensitive to market movements. FXN has a correlation of 0.12 to the broad based SPY ETF.

FXN has a market cap of $647.72 million. This is considered a Small Cap stock.

In the last 3 years, FXN stock traded as high as $19.52 and as low as $9.44.

FXN has underperformed the market in the last year with a price return of +18.2% while the SPY ETF gained +23.0%. However, in the short term, FXN had mixed performance relative to the market. It has outperformed in the last 3 months, returning +17.6% vs +6.7% return in SPY. But in the last 2 weeks, FXN shares have been beat by the market, returning -4.0% compared to an SPY return of -3.3%.

FXN support price is $18.18 and resistance is $18.60 (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 FXN stock will trade within this expected range on the day.