(FNK) First Trust Mid Cap Value - Ratings and Ratios

The First Trust Mid Cap Value AlphaDEX Fund (FNK) is an actively managed exchange-traded fund (ETF) that focuses on mid-cap value stocks in the US market. It aims to outperform traditional indices by employing the AlphaDEX selection methodology, which identifies stocks with potential for positive alpha, or risk-adjusted returns.

The funds investment strategy involves tracking the NASDAQ US600 Mid Cap Index, but with a twist. It uses a rules-based approach to select value stocks that are likely to generate alpha. This methodology considers multiple factors to create a portfolio that is tilted towards stocks with attractive valuations and growth potential.

From a technical analysis perspective, the current price of FNK is $51.66, indicating a bullish trend as it is above its 20-day and 50-day simple moving averages (SMA20: $47.82, SMA50: $48.65). However, it is below its 200-day simple moving average (SMA200: $52.51), suggesting a potential resistance level. The Average True Range (ATR) of 1.43 (2.76%) indicates moderate volatility.

Combining technical and fundamental data, we can forecast that FNK may experience a bullish breakout if it surpasses the $52.51 resistance level. With a relatively small AUM of $189.77M USD, the fund has room for growth. If the mid-cap value segment continues to attract investors, FNKs AlphaDEX methodology could potentially lead to outperformance, driving the price towards its 52-week high of $57.78. Conversely, a decline below the $47.82 support level could signal a bearish trend, potentially targeting the 52-week low of $43.24.

Investors should closely monitor the funds performance and adjust their strategies accordingly. A thorough analysis of market conditions, including overall trends and sector rotation, will be crucial in determining the funds future prospects.